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Thursday, December 15, 2016

Elliott Wave Update 15 December 2016

Placing the Fibonacci pattern over the Wilshire in either log scale or non-log scale produces the same targets. Naturally the channeling is a bit different since we have moved an extreme amount over a very long time period. Yet the 50% marker aligns eerily with the virgin space of the middle of the structure. The virgin wave space is where there are no price violations prior to, or after the virgin space.

Log Scale:
Non-Log Scale:

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