Yesterday & today from 1259 to 1280 can be considered wave
a of 3 legged rally into Late Monday & early Tuesday which should constitute wave (4)
Please forgive my lack of correct Elliott labels, but I think it just as important
to show the current wave in SIMPLE easy to understand labels-
IF you want exact labels - go to Danerics page
Heres some math to chew on
1345-1258= 87pts
1258 to 1279 = 21 pts & aha fibo
21/87 = 24% or FIBO @ 23.6% near perfect
38% x 87 = 33pts near perfect fibo 34
33+1258 =1291
55% = 42pts + 1258 = 1306
Those are the POTENTIAL price levels we could expect to see early next week.
more later
Jay
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