I was looking for 5 waves down to complete this correction. So far, it looks like we have 3 waves down. I have hard time counting this as 5, but it is definitely possible especially if the 4th wave is very small and an ED. The alternative is that this was only 1 and now we are making 2, which would lead to 3 down tomorrow tomorrow. I'm am still waiting for confirmation in my count before initiating a long position. So I will be looking for lower prices. This method provides the greatest confidence in entries and exits.
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