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Mar 20, 2015 8:08 AM

SPX500(H4). potential next Upleg, before retracement. Long

FX:SPX500240
S&P 500 index of US listed sharesFXCM

Description

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IHS potential pattern.
Supported by the 29/12 Triangle brake_out and retest.
Reached 88.6%, channel upper bound. Potential Elliot Wave 5, and corrected abc, or flat wave, to horizontal Support, retracement.
Alternate Bat projection (thanks KLang).
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