SUMMARY
MUSIC is moving within a broadening pattern and after having tagged the upper line, it's likely working towards the bottom support line and it's distance is very close. The fact that this support line has held through three consecutive rounded bottom formation bodes well to hold once again. However, it's also well known that the more a support or resistance is hit, the weaker it becomes.
A closer examination shows an expanded flat correction. The subwaves of the final red wave C is shown with the blue Elliott Waves and the five waves fit very well. Could a fourth rounded bottom be probable?
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