By
These supports are identified respectively as the 123.6 percent and the 100 percent projection levels of an upward wave C from $4.13-1/4.
This wave consists of five smaller waves. The fourth small wave, labelled 4, ended around $4.39-3/4, which may be approached, according wave theory.
A bounce may be limited to resistance zone of $4.49-3/4 to $4.53.
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