US30 retraces deeply, so it is expected that be the end of wave (B) of ➂ and now initiating a wave (C) of ➂, targeting a projection pair of 123.6% vs. 223.6%. It will then retrace to the wave ➃ where the retracing percentage must be greater than 50% (for the sum of retracing% ➁+➃ more than 65%) collide at the support and trendline area as shown in the picture.
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Comment: