price acts as corrective structure and looks like a double combination or triple combination. still there is no trade setup, we have to wait to see a clear structure. There are 2 different labelings, blue one is WXY correction ending with an ending diagonal ( red numbers refer to blue scenario and ending diagonal) and green one is WXYXZ which is not finished yet; if the blue one is correct and wave Y is an ending diagonal, price have to move upside to the beginning of the ending diagonal at the same time of forming ending diagonal. Note the divergence
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maybe its forming an ending diagonal as wave Y, the last wave of correction. We have to wait until the structure develops more for a clear trade setup. I don't think price break the t-line, but if it breaks, I don't have long entry setup ( because i think this structure has not finished yet) until a correction and clear structure forms.
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this WXYXZ corrective pattern is at last stages and maybe crawl some pips to downside but eventually it will break to upside