I am updating an older idea on wave count and changing some targets. I was originally anticipating a June sell off, but things are starting to line up better for a July sell off. We will have to see how these next few months play out.
Note
Looks like the double bottom idea might be off the table. If we reclaim this red zone.Note
It is possible we end up with a distribution style top that could last much longer.Note
A different way to view the chart. The bottom red zone being support.
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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.