- This is a valid Elliott Wave formation on the huge recent Dump - We can clearly see 2 impulse waves to the downside, but there is still missing 1 last fifth wave - If we take FIB extension tool, we can expect bounce at 0.618 FIB (with Double bottom) or 1:1 FIB extension (with Divergence) - This setup give us great buying opportunity at the bottom of the downtrend
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