The following chart is a rough wave count for the days ahead. I miscounted the daily 5 wave sequence on my last post which incorrectly was looking for a subsequent 5th wave to complete the daily progression. Based on my correction to that mistake, we are currently experiencing an "a" wave. The 61.8% retracement level of this wave is very close to a 1.618 x the leangth of what I have marked as wave a. Once wave C of this wave cycle is completed a very powerful third wave will bring the market down in price level very rapidly.
I will update in greater detail as I have the time later on this week.
Best,
-W
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