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Strategies & Market Trends : Elliott Wave and Index Trends with POKERSAM

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From: POKERSAM12/5/2022 6:17:40 PM
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It looks a lot like [ B] is finally complete. It did a 73% retrace of [ A] which is near the extreme you can expect from a [ B] in a zig zag. I certainly did not expect it to go so far. Waiting for the top of a stretched corrective wave to complete has been the wise play. We have a long way down to go so there has been no need to rush jumping on the bear train. I think one of the biggest mistakes traders make is not recognizing that flat is at times the right position to take. Entry and exit points should be a part of your model. Of course, you have to have a model first. lol If you do not have one, get one and then use it.
If [ B] is complete the pathway down is clear and should be long and dramatic.
I think the permanent bulls will get a lot of coal in their stockings. There is no reason you have to.
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