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Bank of New York ADR Index

24 Sep 2018 ‚óŹ 04:25 AM

The ADR index has been going up in 3 waves a-b-c and sellling off, then one more 3 wave rise just completed. Unless we go higher and change this pattern it is a slow slide lower. A change would mean that a larger retracement started, as a 9 month decline completes one leg of the downtrend. Friday's high maybe an important pivot for this.

adr 240918

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