We are still in a large B wave it looks like. Most likely taking the form of contracting triangle. E looks as though it will also be subdivided into 5 waves. Elliot said this is possible when market needs to correct longer than normal. He called it ABCDEFGHI.
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Volume dropping is what normally happens inside this pattern. As you can see, the volume has been steadily dropping since we entered it.
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E is subdividing as predicted and forming its own triangle within the larger.
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well its touching the large triangle. scratch that small one away. still same plan