@stan4

The deep 1-2 is still valid and could be divided into an ABC. But, it is a bit lower in probability because the other scenarios shared seems to fit better overall on the macro. We would really need wave 3 to extend. Wave C could still be in development and has room before invalidation of the previous terminated wave A. Depending on how you see wave A being created, I have it labeled as an expanding variation instead of a contracting variation because my thesis revolves around elongating the transitional waves (B's and X's) as long as possible. We have also hit the 88.6% golden fibonacci level which is the last area of strong support. Remember, the 88.6% level is created by taking the Fibonacci golden ratio of 61.8% and square rooting it, and square rooting it again to get 88.6%, which is the last area of confluence.

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