Jenny
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| | Re: Price movements (12th Oct 22 at 9:22am UTC) | | | All prices on the stock exchange have a certain pattern of movement and obey the rules. Elliott theory suggests using 5 waves to determine the trend and its strength. There are impulse and corrective waves, the exception is truncation elliott wave https://fbs.com/analytics/guidebooks/what-does-truncation-mean-259 when wave 5 does not behave as predicted. In this case, this is a signal to use a take profit order, because a trend reversal is expected. | |
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