I tend to think that there are lower levels, but they might not come right away. If anything, they will want to trap retail or the bulls first.
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I tend to think that there are lower levels, but they might not come right away. If anything, they will want to trap retail or the bulls first.
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As long as that 61.8% Fibo holds, I still think that what's going on is a typical character of a Wave 1 where any indication of a short-term rally is considered an opportunity to sell for almost everyone is convinced that the overall trend is down.