SamSuka
The Long Investor
The Long Investor

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Powell propped up the market this week but for me this changes very little. I believe this only delays the inevitable pull back that is coming.

This chart is the perfect example of how the price can move slightly higher but stay in the bearish structure and below the 2.27 Fib resistance level.

$118 is still possible here but I believe the ABC correction is next shortly.

Wave C finishing above the red channel between the 0.5 Fib and 0.618 Fib would offer an opportunity to buy for members as a long term hold.

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