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Honestly, in trading I don't find that phrase useful because it can keep you out of big moves, and I think that is common among those using elliot wave. There is only end of the impulsive move which the media or society will call a bubble. And, in that regard, I'll count it as continuing until key supports break which are mathematically defined.

I sometimes use that term with markets I'm not really interested in and am not analyzing.

Thanks for your feedback.

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