I believe we are in an extended Wave 5 of Wave 3 of the first 5 wave down correction of leg A of a 5-3-5 ABC Correction before we begin Wave 5 of the larger 5 year Elliot Wave Count. Be very careful not to get caught up in any bad trades while we are in the B Leg of this ABC Correction. However, if you do get into a bad trade do not panic. Wave 5 will come so any bad trade (excluding margin trades) will be ok and with high profit as long as you are patient and do not panic sell. These are only my opinions and not meant to be used as trading advice! I am only a fellow trader providing my opinions as support to highlight possibilities of potential upcoming price movements! It is of my opinion that the weekly and monthly charts also provide support to these potential ideas. Wish I had more money to trade with myself! LOL! If you look at the Weekly RSI Indicator there was an obvious bearish divergence indicating this Wave 4 was incoming after the extended Wave 5 of Wave 3!
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