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Monday, October 21, 2013

Elliott Wave Update ~ 21 October 2013

Primary count is that Minor wave 5 of Intermediate (C) of Primary [Y] of cycle wave b is in progress.
Squiggle count has not yet revealed itself. At the moment the market is wedging. However, there could be other options such as the count shown below.
USD has major support at 78.60. It still looks good in positioning itself for a major long term breakout and bullish advance.

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