I think I may have underestimated the momentum of this bear market, taking a look at the chart again, the (A) wave in red could actually be the 3 wave correction from Ellitos wave and that would see the 3rd wave of the 5waves hit the 3k mark in 2-4weeks time (I guestimate, if not sooner). The white line is the faster approaching bear cycle down to 1.6k in cntrast to the longer green wave cylce....prepare you butts for pain!
This is not financial advise, do not listen to me!
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.