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W4 and W5 Speculation

Theo theansweris42
1, Wave 4 inferred from acceleration channel floor penetration (X).

2, W4 completion price inferred from confluence of all of the following:

* Base channel upper support
* Deceleration channel centre
* Acceleration shadow channel centre
* Wave 3 38.2% price retracement

3, Wave 5 inferred form estimated W4 end + 100% wave 1
Elliott WaveParallel Channel
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