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c.berktavsan
29 Eyl 2019 17:48

IBM is in rectangle / EW count / 29.09.2019 

International Business Machines CorporationNYSE

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According to my wave analysis; we are in b wave after a double combination which finished with a triangle. According to rule, b wave can ever never finish above the correction starting point(look irreversible line).

As a chart pattern looks you can see the rectangle pattern; if this pattern works, price will rise to 149.79. Wait for candle closing above rectangle before you buy.

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