I hate to say it but I see a full 50% retracement of the entire 2009-2020 bull market in progress...we should see a final leg down to complete wave 5 of the 5-3-5 combination that I see at the moment this will be followed by a 3 wave (ABC pattern) which should take us back up to around the 50% the entire down move of the the last two weeks...this is a chance for trapped bulls to exit before the bears take over again with a final 5 wave sequence down and the ultimate target...a full 50% retracement of the longest bull market in history...way over due for this pullback imo.
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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.