there's many ways to label this run, but it will under no circumstances be labeled as an impulse. it's not a bullish nest, and it's not 5 waves up. chop city, that's all it is.
ralph nelson elliott would look at this and snicker, tongue in cheek at what's about to come.
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now that the boomers are in, we're going to run it down, and the boomers are going to panic sell everything.
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calling this move a double zig-zag, subdivided into a 3-3-3. abc from the 2022 high, wxy from the 2022 low to the 2024 high, followed by an abc \ wxy down to about 900 usdt, into 2025.
the move will happen quickly, because this time, the common mans average is near the highs.
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