Long
WPP Ready to Rally
Updated
Nice setup for a fifth wave rally. We have a five wave (also see log scale) impulse followed by a clear three wave decline. Two impulse waves have followed with a clear 5 subwaves on the monthly chart in the third wave. The last two years have been a sideways consolidation - wave four - building a base for the fifth wave rally.
Primary target $179
Low target range 140-149
High target range 220-228
Primary target $179
Low target range 140-149
High target range 220-228
Note
Log scale 
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