After dropping through the bottom of the prior wave and stopping me out yesterday, it is now clear that Amazon is going to catch up to the market on the down side. As a result the count changed five waves down, followed by a strong b-wave flat, with just a tad of a c-wave failure, which implies the wave we are currently in will be pretty strong to the down side.
Expecting some sort of 2nd / ( b ) wave bounce into the new year. The most vicious part of the sell-off should start with a likely downside target of a prior fourth wave. Good Luck out there… And Merry Christmas.
Expecting some sort of 2nd / ( b ) wave bounce into the new year. The most vicious part of the sell-off should start with a likely downside target of a prior fourth wave. Good Luck out there… And Merry Christmas.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.