The structure for an extended wave 5 holds, and is now very mature. When wave 5 is extended, the 0.382 mark of the full trend usually lies within wave 4, which allows to determine the target for wave 5.
The question is: how do I know wave 5 will be extended? Well, we just need to look at the broader market for the answer.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.