Bears may have dropped the ball today. Earlier today, I tweeted the 5 min chart highlighting the line the bears needed to defend.
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| 5 Min |
As you can see, there is overlap after overlap so there is a strong possibility that the double zigzag wxy is the correct wave count.
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| 60 Min |
Wave {iv} is still a top contender. Bears needs to flush it now to account for all the overlap if they want to push the market lower in an impulsive fashion.