You never know when the market will give you these nice 3-wave moves like this morning. You just have to watch and see how the market reacts to key support and resistance points. After the down, swing wave from the morning high, we got a correction wave back to the overnight high price. At that point, which also occurred near the beginning of the last 30-minutes of European trading, we got a small bearish $TICK divergence. So, we got a test of a key resistance area with a $TICK divergence combined with the beginning of the last 30-minutes of European trading. The result was the final and third leg of a 3-wave move.
Charles
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