SUMMARY
EOS placed a very nice white circled motive i,ii,iii,iv,v. Since five waves are in, there is a requisite retracement and that is currently what's in progress. The red a,b,c corrective waves have been updated and either the red c wave is done or there is perhaps one more dip left.
The MACD indicator in this 4 hr chart shows to have likely bottomed and it is beginning to curl upwards.Should the white leading indicator cross over the red lagging indicator, it would provide a good confirmatory signal for the coming of the next set of impulse waves as shown by the white parenthesis roman numerals (i), (ii), (iii), (iv) and (v).
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