The recent retracemnt from 12,200 to 11,200 was about a .382 retrace of the upward W3 in a W4 before a breakout W5 conservatively…a W5 that’s .618 X W1 + W3 would target as high as 13,100 or well past the .786 retrace of the drop from 13,800 to 9050…but a W3 would target as high as 16,400 if it turns into a 1.618 X w1 W3

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