It appears that it's either wave 1 downwards already, or it's still possible that it's merely an expanded flat correction now, and a final wave up is in the works.
Below is yet another possible Elliott Wave count.
Zooming in to the C wave:
It does look possible that a flat or expanded flat correction could be occurring. If that's the case, we would revisit 2522 again before a rebound that brings us past 2707.
Time to observe and learn. Meanwhile, I will be slowly growing my cash via other means.
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