We appear to have completed minuette wave (iv) last night and are beginning to work minuette wave (v) down. We've appear to have already completed subminuette wave i and are near completion of subminuette wave ii. When subminuette wave iii begins, it should take us back near the $3000 level.
This wave count would be invalidated if prices rally above $3843.
If you have any thoughts or questions about this wave count or elliott wave in general, please post them in the comments.
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I am not a financial advisor. Be sure to do your own research.