If that contains the bounce, it lends weight to the count down as 1, composed of 5 subwaves.
New lows on the day under 65.41 will confirm the beginning of the 3 down.
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- Guy W Bishop
- I have been applying Elliott Wave Theory to energy markets as a broker and as a trader for commercial entities since 1983. This blog is merely my personal musings on various wave structure's and NOT any kind of trading recommendation or suggestion.
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