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dryanhawley
Jul 22, 2016 7:08 PM

More on corrective wave 4 in daily candles 

S&P 500 index of US listed sharesFXCM

Description

If we get a 4th wave here it will be smallish. If you look where I put Wave 1 UP in March, that is a small wave 2.
I drew an arrow with a pointed in blue to show what i mean by a small wave 4. The ABC at the top was for the entire set of 5 waves up in the daily candles. I don't think it will be that big, more than likely it will go down to either my red line or lavender stochastic lines, then we will go up on wave 5 to complete this set of 5.
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