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More to come on the downside, following the 1st 5 down. A corrective 2 wave can retrace deeply, so .618 would be no big surprise, though it feels like it gives us a flat shallow 2.
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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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