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"WAVES" Schematic After Reaction phase

Waves broke out above resistance at $2.07 in 12 Aug and rallied to an all-time high in the mid-$2s. This action phase gave way to a contrary reaction phase that dumped the price back to new support and undercut it for a few candles , shaking out weak hands.probably price will recover all of its losses and post another round of all-time highs, completing the resolution phase.
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