With such strong support from previous dip, we're obviously in a FIB WEDGE here. The only issue is the spacebtween peaks is running longer then usual and the 3 peak came a little early. I'd expect XVG to crawl up its support line until it's wedge lines are complete, then we're back to the races with 3rd wave finding small resistance at previous high. Good dip to buy. I'm in.
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Got some Korean Police raiding news right at yesterday right as XVG was finding its support, pushing it down further then I'd like. I didn't put the support line on the candels for this graph because I saw a majority of the candel action happening on the line I placed. Also, this means there's some wiggle room for this structure.
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If we don't get a recovery spike in the next couple hours you can know that this structure has lost its momentum
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