For those that follow elliot wave theory.
Wave iv the current wave is subdividing into a Triangle pattern which itself is 5-waves as a retracement against the prior downthrust.
IF this is the dominant structure, then we probably have one more mini-wave up before the triangle breaks to the downside, testing the prior 850 level at a minimum most likely exceeding it.
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For those that follow elliot wave theory.Wave iv the current...
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