SUMMARY
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This weekly chart of Ralph Lauren (RL) shows an extended wave 1 (blue) but amongst the five, is not the most extended. Note how wave 5 is stubby compared to 1 and 3. Regardless, a full impulse has been posted. RL has then taken a corrective pathway and the first wave down has been swift. Is the correction complete?
When inputting the rest of subwaves, the actionary waves are qualified. The red A is a five wave decline which thus strongly suggests a ZigZag ABC type. Price is currently in the midst of a red B wave bounce, as shown by the blue abc subwaves. Red C wave down could still be expected as shown. It should take five subwaves down to a price region lower than red A.
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Please consider reviewing these Tutorials on:
Elliott Wave Counting Tutorial #1
Elliott Wave Counting Tutorial #2
Elliott Wave Counting Tutorial #3
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Laddering Example with EOS
Tutorial on the use of Fibonacci & Elliott Waves
@haejin's Trading Nuggets
Essay: Is Technical Analysis a Quantum Event?
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firstly, i can't see the time period. so this chart is absolutely useless.
second why the hell will ralph lauren crash in the next few years just because you drew a random eliot wave. useless and absolute bullshit of an analysis. just spam analysing cryptos man.
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What a good post friend, I used a lot of your great information, Keep making quality post and I will continue to support you greetings I followed you
:D
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Check out - https://cryptopiece.com/
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thank for this lovely update,,,
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Meh, Steemit likes talking about itself first and foremost, and cryptocurrencies second.
Also with 30858 followers, it doesn't take that many to reward Haejin handsomely for his content.
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