Comment by Justin Bennett on May 8, 2014 at 5:47pm

At the moment, price action is holding this level as indicated by the bullish rejection in the chart below. It should be noted that although this level has served as support and resistance several times in recent weeks, it’s also been broken several times.

Comment by Justin Bennett on May 9, 2014 at 10:37am

Hi Sukkim, to be honest I have no idea. I don't use wave theory in my trading. 

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