Price action alternation

Each time price went under the 2-year SMA, it reached at least -40%. Up to that point, price had never gone under the line by more than 60%.

At the same time, we have seen many more strong moves in the opposite direction.

According to the alternation norms, there is a higher probability that the price action could be rougher this time.
Elliott WaveelliotwaveanalysisTrend Analysis

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