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This Indicator breaks down the movement into 3 waves: The primary wave suitable for long-term trading The intermediate wave suitable for intraday trading The minor wave for short-term trading Supports and resistances: Each wave is defined by major highs and minor lows. According to Dow's theory, an uptrend will be defined by minor lows higher and higher and a downtrend by major highs lower and lower.The indicator plots the next supports and resistances for each wave. Trend channels (primary