SUMMARY
The below chart of Chain Link (LINK) was shown on March 21st. Following the impulse wave up, the correction was shown as wxyxz (red) complex type. One thing was pretty clear was that a lower low wasn't likely and that the correction, IF on the last Z wave, is near completion.
The current progression shows that the actual Z wave was quite precise to the projection. There has also be a clear micro wave impulse of five waves up (white). This has delivered a 152.7% profitable rise!! Not too shabby for less than 2 months. The current declin is likely a minor correction and should retrace towards the 0.618 Fib level. The MACD is quite exciting as is just so close to the apex. There is enought room for the MACD to dip once more incrementally and still breakout in what could be a major reversal!
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