We could have false broken out of the diamond or on the verge of a retracement. either way, im bearish for the short term. ps. diamond patterns are reversals, coincides with the eur/usd massive H&S pattern on the montly currently double topping at the retest of the neckline. yup.
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just saw a potential 5th elliot wave completion, we could see the abc retracement happening soon.