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Sellers had to show more downside moves till the first weeks of April. However, they showed their weak sell-off, since they couldn't bring the price to the $1875 support zone. In such cases, the strong buys would start, as the bullish market from $1892 till $1995 as the first wave of Elliot. The second wave usually corrects 50%-61.8% of the first wave. Now, we are at 50% correction, the same zone as the $1942 support zone. I personally wait for breaking $1958 as a trigger for starting the third wave. Target prices and target time zones are mentioned on the chart.
Sellers had to show more downside moves till the first weeks of April. However, they showed their weak sell-off, since they couldn't bring the price to the $1875 support zone. In such cases, the strong buys would start, as the bullish market from $1892 till $1995 as the first wave of Elliot. The second wave usually corrects 50%-61.8% of the first wave. Now, we are at 50% correction, the same zone as the $1942 support zone. I personally wait for breaking $1958 as a trigger for starting the third wave. Target prices and target time zones are mentioned on the chart.
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