M&M Wave 4 Elliot Wave analysis

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M&M Wave 4 Elliot Wave analysis

Case 1: If this is symmetric triangle then should end E wave near 610-605.
After this if breaks and closes above 631-33 then 740 can be wave 5 target, Stop-loss will be 567

Case 2: If wave iv is Double three correction pattern.
This will be confirmed if breaks and closes below 590.
We can expect 551 (0.382 Fibonacci) level then target will be 726, Stop-Loss will be 537.



Trade geschlossen: Ziel wurde erreicht
745 high target hit
elliottwaveprojectionElliott WaveelliotwaveanalysisFibonacciFibonacci RetracementSupport and ResistanceSymmetrical Triangle

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