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ATM ELLIOTT WAVE | WAVE 4 CHANNELS

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1) During a Wave Four Retracement, if price holds above the First Channel, then the statistical odds are better than 80% for a strong wave Five rally.

2) During a Wave Four Retracement, if price holds above the Second Channel, then the statistical odds are better than 60% for a strong wave Five rally.

3) The third channel is the last channel and the area to place stops.  If the price does not hold at the third channel, the odds are against a new Five Wave high.

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