Here is the same weekly chart as the blog below in line. To study the waves it is very important to see a chart from different perspectives. To me this chart shows a five wave uptrend with a three waves extension. Then from the top comes a five wave downtrend and finally a three wave upside correction which is loosing steam. If a downtrend gets five waves it is always the beginning of a long downtrend after a three wave upside correction.
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