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Old 04-14-2008, 08:47 AM
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At this moment price stay inside the teal triangle. I’m waiting for a breaout either to the upper triangle or to the lower trendline. A breaout to the upper triangle will favourable for a retracement wave 4 to complete as long the retracement critical line still intact. Otherwise, a breakout to the lower triangle will favour for a bearish continuation. Please study all the critical lines and adviseable wait for a bearish continuation signal to complete wave 5 from BSTS later with condition wave 4 is valid (completed) and the retracement critical line still intact. Please do an analysis for BSTS tf Daily and Weekly. Good luck.
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