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Wednesday, October 24, 2018

Elliott Wave Update ~ 24 October 2018

As was noted yesterday, the overhead resistance proved pivotal and was a bearish sign.
Overthrow and now solidly back under.
The GDOW is a very bearish pattern - overlapping waves - since 2009 no matter how you try and count it. 
The count below is ultimately the most bearish. Overlapping waves for 9 years in an impulse-type count (5 waves) predicts a swift price collapse back to at least where it started.

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