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18.08.2023 06:05 AM
We have now seen the expected test of support at 61.20 so all requirements for the expanded flat correction in wave 2 have already been fulfilled. Hence, a new impulsive rally could start to unfold anytime now. Because of a huge spike to 82.12, we will need to see a break above minor resistance at 65.91 and more importantly, a break above resistance at 74.62 to confirm that wave 2 has been completed and wave 3 is unfolding towards 131.05 and possibly above.
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