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ecpa | For the sake of discussion I disagree with the the 5 count down in black. BUT, at this point in the count it does not matter as it could be something else. What matters here is the your count in Red. I agree with that move, I am looking at that move as a correction which would be three waves up. Just my opinion there. IF my analysis is correct then we have a target somewhere in that mid $4 range. Too early to tell. This is way over simplified. For those that do Andrews fork, Place a start at the low and use the red high and low to make the fork. I think this tells a story. That move would agree with the wave guideline- that a correction will generaly end somewhere in the area of the previous wave 4- that would be the $4 range.
Edited by david ecpa 6/6/2015 15:35
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Elliot Wave corn
