It seems that an abcd pattern is in development. If it so, we talk that wavw (4) has been formed and wave (5) will start soon.
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On a daily chart approach, daily close price must be above 12247. In other case, it will be wise to close long positions and stay out of the market, until will be more clear the direction of this index.
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After completion ab=cd target (12372), the second target 12575 is in play.
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SECOND TARGET IS IN PLAY
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Consolidation.We still hold our long positions.
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go go goooo
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Since we have extension on wave 3, waves 1 and 5 are almost equal.
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Thanks for following this idea
