This decline could be the start of the resumption of the downtrend. It is possible that this is a wave Y of X, but it could also be a 5 wave decline, which would be C of X.
I was born on July 20th 1983. I have been trading since 2007 and using Elliott Wave analysis since 2008. I also use trendlines, fibonaci, candlesticks and various indicators to determine a future direction of price.
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