I think 48 is looking like a possible target for BLY over the next few sessions..
The chart below shows an Elliot Wave Theory (EWT) wave pattern unfolding..
The trouble with EWT is that you can easily fall into the trap of supposing it to be absolute but wave structures are only visible until after the fact..
Nethertheless they serve well as a probable projection tool
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I think 48 is looking like a possible target for BLY over the...
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