Hints of a Possible 3rd major wave down.
In a recent OTHERS publish I made, I explained that there is a possibility that a 3rd major wave down has not formed yet. Clues are starting to appear that demonstrate that this could be the case.
Potential Clue: Newly formed candle developed underneath the SUPPLY LINE.
I do expect to see a small time frame 5 minor waves down until we see the bottom of this potential large time frame 3 wave correction.
I have suggested 2 areas of possible support, but this is only a suggestion, as MM's are really having a ball this cycle.
DIPS are showing up everywhere, I feel like a kid at the candy store. But always remember to trade with caution, not off emotion. Good luck traders!
-Not Financial Advice-
Previous Publish
Potential Clue: Newly formed candle developed underneath the SUPPLY LINE.
I do expect to see a small time frame 5 minor waves down until we see the bottom of this potential large time frame 3 wave correction.
I have suggested 2 areas of possible support, but this is only a suggestion, as MM's are really having a ball this cycle.
DIPS are showing up everywhere, I feel like a kid at the candy store. But always remember to trade with caution, not off emotion. Good luck traders!
-Not Financial Advice-
Previous Publish
Note
The SUPPLY LINE should be titled DEMAND LINE, and DEMAND LINE titled SUPPLY LINE...
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