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Woerle

A different perspective of the same picture gives RENKO

S&P 500 E-mini Futures (CME_MINI:ES1!)  
Woerle  
CME_MINI:ES1!   S&P 500 E-mini Futures
Trend Analysis Beyond Technical Analysis Chart Patterns
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trendanalysis beyondta chartpattern
I always look as well on the RENKO-Chart. Here we can project as well a retracement action with a target of approx. 4000
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