Simple application of harmonics/channeling. Essentially (or similar) to
a wave 4 in EW. Ride to 5, and look for the corrective turn back down.
Up and back!
a wave 4 in EW. Ride to 5, and look for the corrective turn back down.
Up and back!
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Additional note: Price (reversal) tends to move rather "briskly" from pt 5 of a diagonal (of which this is one).