Following on from the weekend report, price action appears to be following the 20 day cycle, putting down its first 1/4 low (5 days) with a higher low. Recall, this was also a 40day cycle low last week, so we have a combined 20day & 40day up cycle, albeit we are now in the second half of an 80 day cycle whose low is not due till the end of February. This is why I think the 'b' wave up before 'c down is the likely path and thus far I think the count is working.
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