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Monday, January 4, 2021

Elliott Wave Intraday Update ~ 4 January 2021

Intraday count so far.

Every single micro-sized subwave seems to be nicely in place. The alternate is we are correcting in Minute [iv] of 5 of (5).

Yet the DOW's potential ending diagonal is also completely accounted for which supports the top being in.
And the extremes in volume ratios is historic and more indicative of a topping. Like the Wilshire and DOW, the Composite also seems to have all its subwaves accounted for.
Everything looks impulsive down. In fact we may have reached a subwave (i) low perhaps. We'll see if it bounces hard a bit.





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