It is important to note that a five wave daily down trend use to be the beginning of a bear market. This does not necessarily mean a big drop. After the fifth wave there will be a three wave correction on upside. When that is done a new five wave will start on downside and then the big fall use to come.
This is the ground principle in the R.N. Elliott wave theory. The bear market signal in my own definition comes when the first five waves have started as it has now with SWED and DAX.
This is the ground principle in the R.N. Elliott wave theory. The bear market signal in my own definition comes when the first five waves have started as it has now with SWED and DAX.
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