/Chinese chips artificial intelligence by Goran via Adobe Stock.jpeg?#)
XLV ETF calling the rally after an Elliott Wave expanded flat
The ETF completed a cycle from the 165.23 low with a five-wave advance, labeled as wave 3 on the chart. The current view suggests wave 4 is in progress, unfolding as an Expanded Flat pattern. One more leg lower is needed to complete the five-wave structure within the ((c)) leg.
The ETF completed a cycle from the 165.23 low with a five-wave advance, labeled as wave 3 on the chart. The current view suggests wave 4 is in progress, unfolding as an Expanded Flat pattern. One more leg lower is needed to complete the five-wave structure within the ((c)) leg.
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