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Market can drop till wave 4 of higher timeframe (blue-slashed line). before bounces in big. It isnt clear yet 100% are we in big bear wave 3 or it was only correction. only time can tell.
Amd is conform with rest of the market. Drops in WXY formation. makes no sence to catch that knife. Tech bubble loses air very fast. parabolic goes back from peak.
Market area at fibo 1, looks like WXY formation. Absolutely bear market here. Entery for long makes no sence right now. First must bounce and then enter after topping of wave B of correction (ABC)