After the New Years breakout STRAT is following a 5 wave pattern, nearing the completion of the 4th wave. There is still upside potential before a considerable retracement could be expected.
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There is an alternate possibility of the 5 wave pattern being completed already, with the breakout being wave 1. The correction will continue if so but past the bottom trend line support.
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The alternate pathway has taken place. Bull signs are building up for another run.