Today's move up does nothing to change that and I expect the downward reversal to begin very soon. The chart is now 5 waves up and hitting the 61.8 fib which is the level of the prior 4th AND it is forming a rising wedge (which via CWT suggests that it could be either 3 of 5 or C of [[2]]). This is likely a great place to pile into short positions with tight stops. The next wave down should be 3 of 5 which implies rapid movement per unit time in the down direction.
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