As luck would have it the intraday chart for London shows a classic example of a three thrust pattern - but this time for a low. You can see the three thrusts down the first at 10 am and the following thrust lower and the last lower still. Then the SP has taken off.
What we have on the daily in Australia is that pattern inverted and our SP heading off away from the final peak.
If this is confusing, look at the London chart upside down.
elliot wave analysis bhp daily, page-51
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