Hi Raider
Good to see you focus on the larger time frame and a time count as well as price targets. You are right, this will pick a longer term bottom.
My suggestion was for a shorter term bottom on the daily. What I'm seeing is capitulaion and exhaustion selling in the 5th leg down from the March top along with positive divergence on a number of indicators. (Not an EW count by the way). I wouldn't rule out mondays candle pushing down to test fridays low to see if friday was just short covering or if there are real buyers down there.
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