Could happen, it’d be pretty crazy if it did. 2022 to now is a very clear 5 waves down, 3 up. At this point it could still pivot to the upside, but an over inflated market x rising interest rates.. I’m packin bear spray
DRV - 3x Short Real Estate ETF
Stop Loss: $40.50
Current Price: $47.72
First Take Profit: ~$80
Referencing VNQ to target a 3x short position as it provides a clearer picture of the sector than its leveraged counterpart (DRV).
As we cycle the 2022 interest rate increases this idea is supported fundamentally as well.
As of 3/12/23
Waiting for Primary Wave 1 to fill in Subwave iv. Then…
Draw a Fib retracement of entire Wave 1
Wait for Wave 2 to fill in
Move retracement to Wave 2 high
Map Wave 3s 5 Subwave structure to the following Per Elliot Wave Trader (EWT) Tutorial
i - 38.6%
ii -...
