Why is EW chart always right?
If the announcement is bad, the SP tanks; and it is a wave 4 continuation on the downside. If the announcement is very good, the SP breaks out, and it is the start of the impulsive wave 5. Momentum, greed and fundamental value carry wave 5 to new highs.
If more good news comes out and breaks all EW rules, then it was really a super wave 1 encompassing the minor waves 1 to 5.
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chart as expected up up , page-3
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