FWIW – Michael Burry just opened 4 new shorts: NVDA, TSLA, CAT, AMAT.
The same man who called 2008 just bet against the entire AI and industrial complex.
https://x.com/NoLimitGains/status/2072077993019842656
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I have AI related in a low degree 4th wave triangle
like GH does for DAX, coincidentally
https://x.com/ewforecast/status/2072955539789672497
Those TEND to precede 5th (and final) waves.
My w4 is ahead of higher degree topping.
So those two could BOTH be right. While operating on different TIME FRAMES.
(Wood right if holding for a month or two; Burry right if he holds short FOR LONGER THAN THAT)
That TF element is crucial, since many traders are not on the same PAGE.
EW works on a dozen time frames, from Super Cycle (decades) to Nano (minute charts).
Every trader’s remarks are AMBIGUOUS if you don’t spell out your time frame.
Since everyone’s are different.
Good Point!