Pennant or Wedge?
Price has continued to grind higher in a pennant or wedge since the end of the October 3rd Expanded Flat Wave B @150.156 and the end of the Expanded Flat Wave C @147.228 on the 4-Hour Chart. This 5-wave pennant or wedge may be signaling the end of the current uptrend of the last major Daily 5 wave pattern and the completion of the Monthly Wave B of a much larger expanded flat.
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