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Sean HymanSean Hyman
Keymaster
Post count: 7067

On the daily chart, we don’t know if we’re in a wave A down yet or simply a volatile pullback within the overall uptrend. It takes time to know you’re in a correction. And wave A’s (like wave C’s) can be long (take some time).

Here’s what the last two a-b-c downtrends looked like in 2000 and 2008. The former took 3 years to play out. The latter took a little over a year. You can see how long wave A’s and C’s can be.

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