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Elliott Wave Theory

Indices Technical Analysis with Elliott Wave Theory

Description of Bearish Elliott Waves

Starting point of given Elliott Wave pattern is on 120.083 on 23 Apr 2015 at 14:15 and price proceeded to 119.935 at 16:00 to form 1st wave. Then it went up to 120.037 at 16:30 to develop 2nd wave. 3rd wave was formed after price declined to 119.423 at 21:45 Bouncing back toward up developed 4th wave on 119.656 at 01:30 followed by another declivity to 119.436 at 03:45 that formed 5th wave.