Since the Feb peak in 2020 we have been making 3 wave corrective sequences labelled WXY. We are currently in the midst of wave Y. There is nothing to indicate this next wave we are in isn't going to be a 3 wave move. As such, I expect resistance at the downtrend line to complete wave b of Y. We are also in a triangle. SInce this is a complex correction, there is no telling if we will break upward or downward from this triangle. The WXY can also extend into a WXYXZ but I doubt that will happen.
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