The Price should correct up to the Bollinger Band middle, forming the B Wave. Beware after that it is Possible that the Price forms the C Wave and corrects down further.
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The Pattern has formed. We might go to or below 16400-16300 when we drop below the Price of around 17281, where we hit before. Possible scenario is to go over to a 12345 Wave at around 16400-16300 and then continue the correction with an abc correction down to around 15660.
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Because of the RSI I believe a further movement like Possibility 1 is likely.