Initially the first thing that popped out to me was the potential pattern which met up with an outstanding amount of after putting on a few extensions, retracements and inversions. I also had an abcd move projected last night, but couldn't say for sure since the "C" leg was still in progress.
As I took another look this morning i see that the C leg has retraced to a level deep enough to provide a rather good risk to reward for a trader looking to hop on long...not because of the potential completion, rather because of the overall shift in the trend that we just saw after achieving a HHHC.
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