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wave count lumber short

textbook retrace into the 5th major wave down. So far the waves have been absolutely perfect. Notice the 5 minor waves down at the top, followed by a retrace that formed the 2nd major wave.

And then you can see another 5 minor waves down again forming the 3rd major wave.

Currently, we are in the final phase of the 4th major wave retrace. And consequently, the odds for a 5th and final major wave down are incredibly high.
Chart PatternsElliott WaveTrend Analysis

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