ELLIOT WAVES AND FIB RETRACEMENT

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First Elliot waves with Fib retracement Analysis, if applied correctly Elliot Waves can be quite powerful, I expect the 5th wave to end at 7004. Also expect a retrace of wave between 0.382 (6338) or 0.236 (6230). Wave 2 is completed and retraced and found support at around 6070 or so.