Will this axiom turn out to be true here?
Yes, the move off the highs was dramatic. Yes, there are myriad reasons why the market should be tanking....but it isn't.
At this point we are between .38 and .5 retracement of the wave three advance. Perfectly acceptable correction level for wave four.
Is this the beginning of wave 5 taking us to or exceeding the ATH?
Trading is speculation. Pretty well defined risk here. Risk is rewarded. What are going to do?
Yes, the move off the highs was dramatic. Yes, there are myriad reasons why the market should be tanking....but it isn't.
At this point we are between .38 and .5 retracement of the wave three advance. Perfectly acceptable correction level for wave four.
Is this the beginning of wave 5 taking us to or exceeding the ATH?
Trading is speculation. Pretty well defined risk here. Risk is rewarded. What are going to do?