One could count the recent M+M rally as e of 4 per below. One more flash crash as shown, should it occur, would be a high odds event that would likely closely align with GLD dipping to 95-105. Now that DRD has broken out the top rail it has no business breaking back down into the HT channel if one is tying to make the bullish case today.
I am not saying this must occur but rather that it should not surprise anyone. USE STOPS. Lose 3% today and make hundreds of percent after buying in even lower. If this dips sub dollar it will be momentary IMO and I will be waiting there to scoop it up once 5 waves down can be counted.
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