As mentioned on my 21 June post, I expect 2 July to be a day of interest. Marked by the green vertical line. It appears that this is a Wave [2] correction. So I'm not concerned with a wave 1 wave 4 overlap.
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| This is an approximation of what can be expected over the next few years as the Cycle Wave a continues to unfold. |
The Bullish count shown below also looks very likely so I'm still leaving my mind open to a bullish count. There are small discrepancies in the Bearish count. I like the way each wave of the wedge can be counted in three waves. Hopefully next week will finally resolve the question of Bull or Bear. Wave E does not have to complete the wedge so look for a final three count for Wave E. It will probably fit inside the white Andrews Pitchfork.
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