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BEST TRADINGVIEW INDICATORS for PRICE ACTION Trading // x100 Times Better Trading & Strategies WORKS - YouTube
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today you will discover the best trading
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view indicators for price action trading
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and smart money strategies i use these
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top trading wheel indicators every day
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and their help is outstanding
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we will look at three different price
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action trading wheel indicators
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first indicator is about market
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imbalance points to identify specific
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entries and target points
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second indicator is about the
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institutional level support and
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resistance areas
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the last indicator is about volume
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trading to identify
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supply and demand zones combined with a
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market structure break
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this indicator is amazing please keep
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watching i'll be using these indicators
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a lot in free price action strategies
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and the smart money trading course that
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i teach in this channel if you're ready
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let's start
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the first indicator that i would like to
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talk about is one of my recent favorite
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indicators and it works amazingly it's
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called imbalance finder indicator please
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do network imbalance is one of the most
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important price action trading concepts
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i'll do two videos about it very soon
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but first let's understand the basics of
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it what is imbalance it's simply quick
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thumbs or pumps that create imbalance
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and gaps in the market
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it is an absence of balance between buy
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and sell orders
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so it's unnatural
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very high percentage of imbalances are
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corrected it could take an hour a day a
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week or even months but most of the time
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it is corrected so there will be a
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healthy price action
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what are my settings luckily there are
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no settings needed for the imbalance
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finder
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i just made it look a soft transparent
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gray in my charts so it blends well with
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my charts without confusing me
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you can use any color that you want
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have to use imbalance finder indicator
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is again very simple
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first thing is that i focus on large
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imbalances rather than the small ones
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so my main style is using reaction
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traits as you can see
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there are three big significant
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imbalances here
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so what you do is set your alarms to
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these big imbalances
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once the imbalances are filled there
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will be reactions most of the time
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as i said at the beginning of the video
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imbalances as the name suggests
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is unnatural and it needs to be
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corrected
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do not worry imbalances are a core part
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of price action trading and i'll prepare
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great videos for them
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let's see a real trade that i took
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what you are looking at is a 30 minute
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time frame as you can see the imbalance
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right here
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i also made a high time frame analysis
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with one hour and two hours time frames
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and found other imbalances
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and took a note of a demand area my
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training idea was very simple
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once the imbalances are filled i knew
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that there would be a reaction
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as you may see the price reacted really
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well
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after correcting and feeling the
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imbalances
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i made over 30 percent profit with this
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trade one other thing you can also use
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imbalances as profit targets
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as you can see
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there is also another mini imbalance
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here
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this one i used as a target and
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profit-taking point
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because i trusted that imbalance was
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going to be filled
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imbalances are everywhere sooner or
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later most of the imbalances are filled
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and corrected for healthy price action
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there is an indicator that i use all the
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time before opening a position the
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indicator is called as spaceman key
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levels this indicator is very special it
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shows the special price levels as high
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low and mid levels
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these are considered as institutional
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levels
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as a trader you should watch key price
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levels and institutional areas regularly
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before opening the positions
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i must use the indicator before opening
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the position to check if there is a
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support or resistance levels that helps
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my trade or blocks my rate
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let's talk about settings
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honestly i do not play with settings so
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much i do not use the mid levels a lot
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what i do is disable all the mid levels
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ok how to use this the idea is very
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simple
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if the price is above the lines like
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daily open with the high low anything
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all those areas are possible support
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lines like demand areas
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if the price is under these areas those
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zones are like resistance levels or
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supply areas
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see another way of identifying supply
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and demand areas it's not that hard
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however never use this indicator alone
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for example assume there is an order
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block imbalance and a very strong
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institutional price level at the same
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area
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what does this tell you it means that
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there could be a strong reaction
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the last indicator is a version of a
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volume profile that i use so much
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unfortunately you'll need a pro trading
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wheel subscription to use this indicator
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but trust me it is well worth it
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it's called fixed range volume profile
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so unlike the giant volume profile on
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the right this tool helps me to see
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specific parts
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think of this tool as a fibonacci
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retracement tool it makes you identify
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the specific end results supply and
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demand areas
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what are my settings
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these settings mostly present visual
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appearances and do not change the nature
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of the indicator i set the row size and
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value area volume settings to 100
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this is my preference you can set it to
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anything you want
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other than that i'm mostly interested in
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the poc line which is the point of
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control
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which is the highest volume activity
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level of the selected range
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i set the colors to transparent yellow
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and the poc
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as bright white
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as you can see all other settings are
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disabled i do not use them
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let's see a couple of examples of how to
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use this indicator
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first of all you have to know what
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market structure breaks are
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i will not go over it again and again
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please start watching the free price
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section trading course that i teach on
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my youtube channel as you remember in
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our market structure break strategy our
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entry zone is between a deeper slower
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low and the lower high that creates it
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so what i do with the indicator is draw
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from lower high
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to the deepest low low
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as you can see i identified the p
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or c
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which is a demand area in the entry zone
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magically it is another sniper entry
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also you have learned one more way of
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identifying a demand zone
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let's check as supply example
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after confirmation of market structure
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break and identify the enter zone
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i'm drawing a fixed range from higher
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low
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to the deepest higher high
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i identified the poc point of control
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this time it is the supply area
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again
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magically price comes back and hits the
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exact point for entry
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enter zones are golden zones you will
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find so many entry points with specific
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tools
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do not worry i'll do a whole video
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sessions about these trading wheel
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indicators volume profile and fixed
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ranges
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and how to do sniper entries with them
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please do not forget to subscribe to the
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channel for new videos take care and see
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you soon
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