The proposed Elliott Wave Structure here at mcm is derived independently and objectively outside of the data and analytics of the Market Structure Projections (MSP). At this time, the count coincides and supports the data which is calling for a pronounced bearish week or so into around August 7th, 2015. As a trader and market participant it is important to look a for confluence of professional data and technical work when evaluating risk. Please be cognizant of the chart herein & as always, control your risk & good luck to your trading.
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