Morning Update: Getting Into The weedsThis morning I want to focus on my "Ideal" expectations over the course of next couple days. I realize in a wave 4, price can do unpredictable things. I've written about how many times a practitioner of Elliot Wave Theory cannot see the pattern is it's nearly complete. The emotions and sentiments surrounding wave 4 activity in a downtrend are a battle between contrarians and the fearful.
The fearful always win.
That's why prices tend to go down much faster then they rise. The FOMO crowd plays a huge role in the machinations of a wave 4 pattern.
Side Bar: "FRIENDS, DON'T LET FRIENDS BECOME FOMO".
However in an ideal scenario I've posted a chart with pathways I would expect price to take over the course of the next couple days. If price follows this ideal pathway I've outlined above...we should have a 1-2 set up to downside lock and loaded by early next week.
Best to All,
Chris
