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On this slide Al said the original Leg 2 (in Green) wasn't reached, but then the redrawn Leg 2 (in Gold) were reached approximately and that's good enough, as traders see different things.
What I think was also happening is that a lot of traders did take profits just before the original Leg 2 (Green) hence the strong bear bar. And that the 8-bar rally that took us out of the TR was a Leg 1.
Why isn't that a better reading of that chart?
Thank you!!
