Steel Dynamics - Interesting Structure

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The move since April 2025 is viewed as the fifth sub-wave within a larger third wave.
The third wave has a complex structure and may initially appear to violate Elliott Wave rules, but this is not the case.

At the moment, the larger fourth wave is expected to start forming.
A correction of the fifth sub-wave is expected, moving toward the price level from which it started.

Key targets:
  • 154
  • 144
  • 134
  • 120


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