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I don't know all the fancy terms so bear with me here.
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Here is a perfect example of Elliot Impulse Wave with a Correction pattern to complete it.
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Time to test my knowledge and see if I'm properly understanding what I'm learning. Here I have shown the downward trend we are trying to break out of. I have overlayed this with a FIB retracement chart. Its just a start but will evolve as my understanding and knowledge base grows.
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