ASX:RIO ELLIOTT WAVE ANALYSIS

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©Master of Elliott Wave: Hua (Shane) Cuong, CEWA-M (Master's Designation).

Wave ((ii))-navy may move a little lower. Then wave ((iii))-navy may turn back to move much higher. On the other hand, a break of 126.04 would trigger the ALT alternative scenario, suggesting that wave ((iii))-navy may be ready sooner than expected.

Invalidation point: 105.11
Cofirmation point: 126.04

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