Out of the two possibilities that I mentioned on January 10, the major wave
4 correction turned out to be the right scenario.
It appeared to me that Emico has completed its major wave
4 and it is forming the major wave
5 of its mega wave
(3).
Looking at the magnitude of mega wave
(1) as shown in the 5-year and 20-year charts, very likely mega wave
(3) is going to have 9 major waves.
.
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