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Strategies & Market Trends : Elliott Wave and Index Trends with POKERSAM
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To: humble1 who wrote (22)1/7/2019 11:45:26 AM
From: POKERSAM   of 1764
 
This is important to note. It is a fact that this (123) off the top at 2940 could be an ABC. Practically all 123 can be an ABC. This time the ABC we have already seen could be ALL of SC (II). If you look at the first chart in the header I had the minimum 20% retrace for wave two at 2486. We have surpassed that number. So technically SC (II) could be complete at 2347 if the wave structure allows and it does allow.
Less than 12% of wave twos will retrace at this level. So the odds are highly against it but it is still possible.
I try to always look for the highest odds conclusion. The minimum highest odds end for this correction is 1803 at 73%. But we all know that the highest odds on favorite does not always win.
Right now is the time to be alert to this possibility.
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