This chart is of a popular UK based investment trust investing heavily in US tech stocks. The count would suggest that we are in the midst of a 4th wave correction of a larger wave 5 that, following EW theory, may continue to the level of wave 4 preceding degree. If this count has merit we can still expect a final 5th wave to complete the impulse that began all the way back in 2002.
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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.