If it’s now, we can count the advance off the 5/6 low as a diagonal, and a 3-wave pullback from the peak, as a 1-2, with 3 targeting the mid-150s.
It’s a sad state of affairs, really. I need to see a big third wave to help to identify with greater certainty, the greater structure we’re in, but that’s also the one wave one wants to play to make the most money. So if one waits until one sees it, one has already missed it. But, if one attempts to anticipate it, one might also be wrong.
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