I think after breaking out in July this year, it finally looks like wave 3 may have completed. What the market may be doing at the moment is forming wave 4. What form will wave 4 take, i.e. flat, triangle, combo corrective? We shall see.
2520 would be a 38% retracement of wave 3 and bring wave 4 down near the lower levels of wave iv's previous triangle. We'll see if the market is shooting for this level.
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