The Wave count shown below states that the Major Corrective Cycle which started with 2008's Recession has ended. With it, the start of a New Bullish Cycle market as Primary Waves A-B-C. Primary Wave A completed with Intermediate Waves A-B-C, A & C formed out of 5 moves and B formed out of 3. Primary Wave B is still under development with Waves W & X completed and Wave Y still continuing and waiting for the final Wave C to finish. Primary Wave B has 2 targets: - First target is at the 50% Fibonacci Retracement of Primary Wave A and 100% Fibonacci Extension of Intermediate Waves W & X. - Second Target is at the 78.6% Fibonacci Retracement of Primary Wave A and 161.8% Fibonacci Extension of Intermediate Waves W & X.
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