Long Term Bear Market ? If a five wave impulse is done, we should expect 'at least' a three wave correction (at the same degree) to unfold.
The beginning of wave (1) starts from March 2009 at $32.28 and if this year's top ($258.51 in January) is the end of wave (5), a multi year correction (or bear market for 3M) will be inevitable.
Note:
The length wave (5) equals approx. total distance from the start of wave (1) to the end of wave (3)
RSI made new lower highs when price moved into new higher highs
