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Monday, June 8, 2015

Elliott Wave Update ~ 8 June 2015

Our count is leaning bearish because price has leaned bearish for too many days now.  The lower trendline is broken under. If that trendline means anything then this is significant.

In other words, if the ending diagonal triangle is an true ED pattern, then price collapse is imminent. That is the guideline of ED patterns.

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