Danube, the scale is a bit different but the shape is basically the same. Whether it will repeat is a big question and since it's a very recent pattern you could argue it has more relevance to current market conditions than patterns in the distant past.
Just posted it up for others consideration. I'm not convinced one way or the other on whether it will repeat and surely a bit of market stabilization is a good thing. Problem is, if you take it too it's ultimate conclusion, we fall of the cliff again?? I hope not. EWer's, does that scenario satisfy EW theory?
monday trading, page-125
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