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Wednesday, August 31, 2016

Elliott Wave Update 31 August 2016

Trying to figure out where we are at. Lots of short and medium term options (not really shown). Long term option is that we are working on Intermediate (5) of Primary [5]. The key price level is where blue minor wave 1 of (5) peak is marked. Any decline beneath that price point peak, is a red flag for the bull count we have been outlining to peak (5) of [5].
Again, form-wise, it would look awesome if another wave up occurred forming wave 5 of (5) of [5] on the weekly scale. Thus the primary count reflects that.

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