1 to 1 correction on 15min chart

Updated

Engulfing formation in candles.

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Dont play. I publish this only for education;)

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If this candlestick formation will be in play, we should see wave down to retest 3000.

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Confirmed by 30min two last candles looking bearish. Retest of 3000 possible, but also 75% retrace of this wave from around 3000.

snapshot

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But next candles makes this formation invalidated. Now the market should push higher.

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If market can push to 3700-3850 area or higher i will show how to hunt 5th wave in this impulsive wave.

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hunting will be described here

5th wave hunting

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