I guess this is the market where most want to know when does it stop, well there is at least 3 variations how you want to count this particular move, as its gone from a clean 5 impulsive waves down, to a mixed pattern, where depending on the skills of the analyzer/Elliottician, those counts come into play.
However, if you have noticed the move up, on the counter 5 waves down (according to me) has been very sharp and strong (typical for 2nd wave pullback)
I am going to let the market now prove my count.
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A silent night,
a star above,
a blessed gift of hope
and love.
A blessed Christmas to you!
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