At the bottom of a wave 2 retrace the mood is extreme pessimism, frustration, thoughts that the previous down trend is still in play etc etc...(opposite to wave tops where everyone is excited )..a couple of us here recently had a w3 reprieve on this same situation, down more than 50% over the last month then whoosh big gap up and a couple of bags higher it happens all the time....dont throw in the towel right at the bottom.!.
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At the bottom of a wave 2 retrace the mood is extreme pessimism,...
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