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ecpa | My opinion as of this morning. Daily Chart. Starting from 12/1/16 low of 342 we are up in a wave C. From the 342 up to 364 for wave 1, From 364 down to 348 for wave 2, From 348 up to 370.50 for wave 3, From 370.50 down to ? this morning. Now here is where it gets tricky, (my opinion) all resistance points have been broken except my wave 1 top at 355. So, "if that were to get broken then we are done to the upside" if instead we turn up in here then we are looking at big wave 5 gain. This would give us the possibility of wave 5 extending. (Just a note),Since I use close only charting there is the possibility we are finished to the upside, not worth explaining at the moment. I tried long corn on last nights open with a 2 cent stop. That did not last long.
Edited by david ecpa 1/30/2017 09:15
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Blu,Andre 54 and others, EW
