Hello, everyone!
Yesterday I shared with you my Elliott wave marking for the bear market. I told you that the price has printed wave 4 as a complex correction. According to Trading Chaos waves 4 can last up to 70% of entire waves cycle in terms of time.
On the chart you can see that waves 1, 2 and 3 last approximately 60-80 days. Wave 4 - 245 days. It means that in the worst case scenarion wave 5 also will be 80 days. Therefore the bear market will be ended in May, 2023.
Best regards, Ivan
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