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| Weekly |
The bulls finally broke thru the 20 day SMA. Daily MACD is turning as well. I still feel that the bulls should accelerate higher if the blue count is to be proven correct.
If blue {iv} retraces into {i} tomorrow, red flags should go up because a quadruple nested 1-2 would be a little suspect.
I adjusted the red option to better reflect what is happening with the ED count. The bears have a triple -ve divergence on the 15 min so it is possible we see a dip early tomorrow to complete wave iv.
We should see resolution by tomorrow.
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| 15 Min |
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| Daily |
