I'm sure everyone is crapping themselves at the moment, trying to figure out why this sudden retracement has occured.
Here's the reality folks - this is actually tracking a channel I first noticed back in November of 2017, based on a trend that started in March of 2017. These periodic dips are condusive to the channel shown here, and if you notice, starting from the March dip, we are currently almost directly at the 0.5 mark on a Fibonnaci retracement.
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