US30 - Prelude to a Wave 3

FX:US30   Dow Jones Industrial Average Index
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C Wave looks like it is done finally, I would be looking for a sharp decline that breaks the lower trend line of the channel producing a zig zag for D and then a sharper move up for E which should look strong but not have much strength behind it. Once this is done I would expect all hell to break loose and begin a sharp decline in Wave 3.

Wave E cannot go above the end of C or this whole thing is void. I really doubt that will happen.

Global markets are cooked so they should all wilt according to their respective wave structures.
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