Within next week or two we should see the wrap up of the fierce decline we saw. Wave 4 seems rather shallow so might spend most of next week going up to complete wave 4 correction. However, there is still a chance we continue lower straight into wave 5 to complete the decline that started end Feb at the two potential marked targets, and possibly this conclude the full correction setting ground for another round of stock market uptrend.
To be able to tell which scenarios of the above will play out, need to closely watch current decline, if it unfolds into five waves on intraday basis, this would call for the continuation, if we see a reversal, this means wave 4 is not over yet.
To be able to tell which scenarios of the above will play out, need to closely watch current decline, if it unfolds into five waves on intraday basis, this would call for the continuation, if we see a reversal, this means wave 4 is not over yet.
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