Long

$CCIV bigger picture Elliot Wave

Please see notes,

Seems like 1st wave was finished and the heavy dump is a 0.618 0.786 fib retracement which is typical for wave 2 corrective.

If we assume we are in the 2nd wave then it's time to head towards the 3 wave which is 1.618 of wave 1 fib extension.

Can we see CCCIV reaches $115 ???

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