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ABC Zigzag Corrections Persist In Forex Market

Discussion in 'Technical Analysis' started by Kaitlin, Jul 28, 2016.

  1. Kaitlin

    Kaitlin Forum Member

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    The EUR/USD broke above the resistance trend line (red) and the wave 1 (purple) has therefore been moved to the recent bottom. A break above the next resistance (orange) and 100% Fibonacci level would confirm a larger correction within wave 2 (brown). A breakout below support (purple/green) would however make[​IMG]

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