We are coming close to the completion of the 5 wave impulse to the downside which commenced at $47700 on the 30th of MARCH 2022. We maintain inside the MICRO 5th wave where 5 sub waves could potentially arise; before a reversal may occur. The $37700 area maintains as strong support and could be a likely area for a reversal, the downside sell off is likely to become exhausted and a quick rejection of lower prices is often a good reversal sign, upon confirmation.
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