In the very large picture, I see a large, higher-level ABC correction.
I label the strong rise since the "ominous" low in April as a subordinate black wave a, which should end in a week or two, so short positioning would be an option.
I label the strong rise since the "ominous" low in April as a subordinate black wave a, which should end in a week or two, so short positioning would be an option.
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This is what the big picture looks like:
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Wait! SHORT at 44.51!
Take Profit at 19.51-18.87.
Take Profit at 19.51-18.87.