It seems like investors are waiting for the month of april to end. The current wave structure is very corrective, but I expect white wave 4 to be done in 1-2 days.

I think this is either an ABC correction or a triangle like this:

UPDATE: Precison hit again. I called the high of this wave B or d, like I did many times before. No that is not magic. That is the power of EW analysis. Anyone calling this BS is in denial.

If you think this to be useful information:


Feel free to use and share my charts, but please mention me, @ew-and-patterns as the author. Otherwise it is considered plagiarism and I will flag you and advise my friends to do the same.

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DISCLAIMER: This post / analysis serves general information purposes only. I am not, and never will be a financial adviser. The material in this post does not constitute any trading advice whatsoever. This is just the way I see the charts and what my trading ideas (from my personal experiences) are. I use chart pattern and Elliott Wave analysis for my trading ideas.
For full disclosure: The author of this post is holding positions in this market at the time of this post. Please conduct your own due diligence, if you plan to copy anyones investment decisions!
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