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Thursday, March 27, 2014

Elliott Wave Update ~ 27 March 2014

Today was a bunch of sideways movement which could indicate a small degree wave [4]. Tomorrow's open should be telling. If prices go lower, than a 5 wave move will have occurred from the recent counter-trend high. If it opens higher and overlaps where red [1] is, then things get muddled for the bearish side.
Remember for the bearish side, we want to see 5 wave impulse moves at every degree of scale.
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