I'm out until this gets invalidated.

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alts will see major corrections if this plays out. Rising wedge(bear pattern) + c wave of an ABC correction

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this is not your normal dip that has happened multiple times in the past week.

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1st dip is always fast since leveraged accounts are getting liquidated

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I don't recommend "buying the dip" as there probably will be more than 1 wave (dip -> consolidate -> dip). If you are looking to buy in, I would recommend waiting until the end of the month where it's usually cheaper (futures expiration)