Price reached the 1.618 extension of wave 1-2, which coincides with the resistance trendline formed by the leading diagonal. This resistance trendline was drawn during the formation of the leading wedge and has been on my chart since as the price level around the line is respected multiple times.
Assume guideline of alternation applies, we can short to / rebuy at .382 ret of wave 3 that is $7155.
Assume guideline of alternation applies, we can short to / rebuy at .382 ret of wave 3 that is $7155.
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