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There isn't really much to add here. The correction that started at 129.64 is still ongoing. The "X" wave became a little deeper, which could mean that we will see a top near 135.27.
The most important question is still if the decline from 142.81 was just an A-B-C correction or an impulse, where we currently is working on wave 4. that will be decided if we see a close above 135.72, as a close above here will leave us with an overlap between wave 1 and 4, which is not allowed.
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ReplyDeleteNice post, thanks for sharing. Elliott wave forecast is very interesting thing to learn.
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