Larger W4 in play. Typically W4 does not go beyond .382 fib, but since larger W2 was shallow, W4 needs to be deeper. W4 max .50 fib. Confluence with .50 fib, trend line support, wave count, and gap fill.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.