As weekly 84.75 pivot point contains, we suspect we have already seen wave 3 of III that should be doubly retraced with a pullback to at least 83.85 and possibly a full 83.20 target before the uptrend resumes to weekly 86.00 downtrend resistance. Directly over 84.75 suggests we are still in the third wave that projects 86.00 directly before the next downside correction. (Ref: 5423)
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