If you follow Bill Williams you will see almost the perfect trade setup, here's why:
- A bullish reversal bar has formed at the correct angle and below the alloigator
- There is clear divergence between wave 3 and wave 5 of the correction (which shows a reversal is going to happen)
- We have a falling wedge and price usually breaks to the upside
- Because its about damn time too !!!
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Just as predicted off we go on our journey up. . .
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A small drop in a few hours to 8300 for the correction and then up to wave 3:
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A slight change on the lower side times: