I am updating an older idea on wave count and changing some targets. I was originally anticipating a June sell off, but things are starting to line up better for a July sell off. We will have to see how these next few months play out.
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Looks like the double bottom idea might be off the table. If we reclaim this red zone.
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It is possible we end up with a distribution style top that could last much longer.
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A different way to view the chart. The bottom red zone being support.