well you could be right all i really do is try and identify is high probability turning points and trade them , some you win on some you dont
this is a correction on the main 12345 wave up
the correction is an expanded flat
wave c is normally 1.61 wave a and will finish roughly around wave 4
some of the candle stick patterns (spinning top and hammer) are suggesting down move slowing and a few other things
but not a certainty at all , which means you must trade with a stop which i would say would be the bottom of the hammer 112 40
hope this answers your question
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