I am expecting excessive amount of FUD. I have shorted the market. Now is the time we should prepare for our $6,000 below scenarios. I am pretty sure $7,400 won't support it much. Our next target to expect some bounce should be around $7,100~$7,200.
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Expecting some bounce which I would consider it sub wave 4.
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Might expect some bounces. We can see divergence forming.
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Doesn't mean trend is gonna turn over. Just a slight bounce maybe.