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Strategies & Market Trends : Elliott Wave and Index Trends with POKERSAM
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To: yard_man who wrote (1209)8/11/2022 1:44:31 AM
From: POKERSAM1 Recommendation

Recommended By
rcksinc

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There is the possibility we could go to the 200 DMA @ 4330 to complete wave X retrace of wave W.
This would make wave X retrace of W within the 50% to 61.8% retrace of wave W.
This is the third most likely retrace of an X wave.
The other possibility is that wave X retraces W by just 50% and ends under 4227. Under 50% is the second most likely retrace for an X wave.
This is according to the EWP guidelines for a wave X of a double three.
We should have confirmation which is correct shortly. Watch the length of the drop from the top. 4112 is key.
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