In regards to the last post, there is another place I can cap the advance right here (see how we’re at 100% extension right this second?), and that’s if I move the pink B far to the left (which is valid) and would greatly enlarge the pink C we’re in now and it would make pink A and C perfectly equal right here right now too.
So, if we get a sharp reversal here, I can justify it, and it will help me clarify the count significantly (this will be important later when we need to find the bottom of the bear market).
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