W5T Elliot Wave, BITS, Roller Coaster Indicators ES1!
Nice gap down on the Sunday open creating a deeper W5T Elliot wave 4 pullback on a daily chart. Almost a wave 5 down on a 5 minute chart. A lot of people don't realize you can have multiple wave patterns going opposite directions at the same time. With the right charting and wave count isolated you can see them in action. The wave 5 down on the 5 minute is actually a wave 4 pullback on a daily chart. Stay tuned for updates tomorrow on this.
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