This is my less severe crash idea. We should get one more lower low in this count to close out Wave 2 of the intermediate degree. The low of $6.22 is not very clean and the recovery since then is also quite choppy, suggesting a final flush out. My previous count expects a worse case. This one is a bit more hopium induced. If I am totally wrong and the long-term wave 3 already started, then we need to see a very strong move out of the steeper channel and a quick ride to the upper limit of the bigger channel, and a break above that. Until then, looking to buy at the next low with stop loss again and continue that process until we eventually get a low. Stop loss is very important to preserve capital, in case things are really going to zero (as many are suggesting; not me). If that means missing out on an initial wave 1, it's not a very big deal in the grand scheme of things...
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