This spike was a "dead cat bounce" in wave 4. The wave 4 could extend more to make double or triple three. The target based on the current top in wave 4 offers the target in wave 5 at $10. There is a 38.2% of wave 1-3 in wave 5.
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This the anatomy of wave C of wave (4) it could hit between 29.80 and 30.20 where 38.2% of wave 1-3 ib wave 5 of C and 1.272 of wave A in wave C.