This morning I want to focus on my "Ideal" expectations over the course of next couple days. I realize in a wave 4, price can do unpredictable things. I've written about how many times a practitioner of Elliot Wave Theory cannot see the pattern is it's nearly complete. The emotions and sentiments surrounding wave 4 activity in a downtrend are a battle between contrarians and the fearful.
The fearful always win.
That's why prices tend to go down much faster then they rise. The FOMO crowd plays a huge role in the machinations of a wave 4 pattern.
Side Bar: "FRIENDS, DON'T LET FRIENDS BECOME FOMO".
However in an ideal scenario I've posted a chart with pathways I would expect price to take over the course of the next couple days. If price follows this ideal pathway I've outlined above...we should have a 1-2 set up to downside lock and loaded by early next week.
Best to All,
Chris
The fearful always win.
That's why prices tend to go down much faster then they rise. The FOMO crowd plays a huge role in the machinations of a wave 4 pattern.
Side Bar: "FRIENDS, DON'T LET FRIENDS BECOME FOMO".
However in an ideal scenario I've posted a chart with pathways I would expect price to take over the course of the next couple days. If price follows this ideal pathway I've outlined above...we should have a 1-2 set up to downside lock and loaded by early next week.
Best to All,
Chris
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