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The
other option is that the market could capitulate – or rather investors
could. That is, we could see it go over a cliff. Unlikely for now.
The
small but vital yellow shading indicates that there was more than an
orderly profit taking – there was an element of running scared by some..
When
the market gets to the daily pullback range it thinks before the next
move and if the outlook is a little bearish it will continue south...
Yes, we are more than likely to see a bigger wave four pullback in the coming months
The journey to this steep high has been different for each
market but in general we have seen a fully charged bolt and now a pause
as both buyers and sellers take a breather before the next move.
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