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| 60 Min - 11:29 AM |
Wave y is underway as expected. The market also bounced out of the wedge as I was suspecting.
Note that the red option may just easily be labeled an "a-b-c" for the wave 2 flat.
The more bearish purple option is not out either so long as the wave ii (purple) high is not taken out.
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| 60 Min - 7:31 AM |
