EWT: Triple Wave Correction
Notice the recent highs, they have a need to "mother bar" past the Bollinger Bands to signal a higher swing zone. Elliott wave suggests waves move in five or three movement waves, I see two correction waves...the third should happen. In the recent median, the MAMA/FAMA remains open during the attempted bear move. The volume accumulated denoting support. It is not a big price movement for a third wave but it could yield 19% quickly on this trade. Strike the hammer to a third wave higher swing?
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