Above $11.93 with Follow Through Above $12.50 Confirms a bottom

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In lieu of such price action, we retain the ability to make one more low. In the very short term and observing the micro price action $11.79 could extend our black wave (iv) but above $11.93 with price action to get above $12.50 and I start to lean on the purple count.

Best to all,
Chris

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