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HELLO TRADERS,

Previous forecast on point so far! Refer to related link down below.

Price action is currently completing a small regular / contracting correction which will be followed by an up move to the 10,650 / 10,900 range. After which, we will need to decide whether this is actually a slower & more prolonged start of the bigger impulse to the 12k region. OR, is it just forming a more complex correction pattern, in which we will actually head back down to re-test (and bounce on) the 9.8k zone before further up movement.

In my opinion, I think the down move back to 9.8k following the 10.8k retest is more likely than just a straight up move all the way to 12k.


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It can go up from here guys, we keep bouncing on the same zone. It might end up being a contracting correction so just a heads up!
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Price action kept stalling and never went up, the alts on the other hand took over. Anyways, I am expecting the up move to come here or after 1 more down move which would complete a WXYXZ.

For now, I'm expecting a move to the trend line.
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Revised that chart, I think we will get the up move for now.

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Going as planned so far!!
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