While price is staying inside yellow channel wave blue 3 is continuig, it may extend up to 3800 or stop near current level.
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i will be shorting at every small upchannel break out, untill price below blue trend line
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Most likely price made 5waves move. If so we will see the retrace to 4100-4040. If you have shorts better close it there. For bearish count it's better to wait while price go below 3940.
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On a big picture this move looks like retest of broken trend line. If so we will see much stronger move downward. But as i said, better to wait for confirmation.
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I have no idea what is going on. Anything may happen. I'm out of market for today
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