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Daily Elliott Wave Charts - Corrections almost over
The 10 minute chart: the decline off the highs today looks like it completed wave 'd' yellow of that ongoing triangle You can see that it is a definite three wave affair, both motive parts of the wave are almost equal in length. Also the rebound off the low crossed up over the first low of the previous wave at 11080. All of these points indicate that todays decline was wave 'd' of a triangle rather than a fresh impulse wave to the downside. That part is on its way soon according to this wave count though! The hourly chart: On the hourly chart you can see that we are approaching the end of the triangle and will ... (full story)