Wave 1/2 forms and 2 lands on 50% retracement , plotting out using major support and resistance we can plot out how the chart my form over the next couple of weeks.
Key Points
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Key Points
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- -Wave 2 does not go past the start of Wave 1
-Wave 3 is the longest wave
-Wave 4 does not enter Wave 1's area
-Wave 2 & 4 bounces off Fibonacci Retracement