A strong drop here and other markets like Bitcoin are primed for a final push lower, before what should be a long term reversal!
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waves inside of waves inside of waves
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zooming in, one fractal at a time
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and after a few confident fractals and clear direction, we eventually run into some data thats debatable with the waves.... like this
we just need to zoom in more and clarify these discrepancies
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After zooming in another fractal we get more clear wave counts which shows a more likely correction coming in here
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zooming in another fractal (subwaves) it looks debatable and we want to get more data and see clear waves being filled and/or waves being violated, which will give a good idea what else would be happening.
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After getting a closer look i think we might still be down before any decent correction here
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POTENTIAL FRACTAL SHIFT :) My variation of EW is showing itself to the down-side here should these levels hold ... as you can see looks similar to the general wave count from above but as price is currently breaking below key waves on higher fractals, it should stretch out this lower fractal and look something like this
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to elaborate on the fractal shift - the larger fractal waves are being filled here in the smaller fractal waves, which results in a stretching out of the waves almost or more easily put a trending market to the down side is expected to continue here