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RE-short term wave pattern


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#1 LarryT

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Posted 25 October 2017 - 11:06 AM

Since 2566 +/- 3 points did not top the pattern the focus shifted to 2587 and price failed to advance within the +/- 3 points of 2587 we have a anomaly in play. Odds are the drop off the 2578.29 high is a minor wave 4 that has first support at 2547 to 2528 so we wait and see if minor support holds for clues.

 

LT....d:^)


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#2 LarryT

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Posted 27 October 2017 - 07:55 AM

Support at minor wave 4 at 2547 to 2528 held with 2544 the low. That keeps the door open to 2587 is still the next solid resistance level as it could be the third wave high off the 2446 low. Then we need another wave 4 low then another fifth wave to top wave (3) of the final wave FIVE that began at the 1810 low.


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d:^)