Could be a megaphone-style expanding triangle. We have seen this type of structure used to create tops before. Regardless of whether that structure confirms or not, the indications for a short-term pullback seem to have presented.
-Sorry, not a 'vaccine rally' (as great as that news is). These structural targets have been on the projection layouts since the post on 10/12/20. Market correlations with news cycles is not supported under scrutiny whereas data-driven patterns are.
Medium Term: :
The controlling structure may be i-ii-iii-waves down on SVXY with wave iv/d up showing now- See related post
-(update note: SVXY has now entered wave iv/d upper price zone territory @40.25)
See Critical Long-Term Review Here
This Information Is For Entertainment Purposes Only. Financial Loss Can Occur From Investing.
Our favorite go to site- McVerry Report
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