We got a nice sharp move up from 80 to 160, followed by a flat correction ((abc))
now we have a 5 waves move up (orange) and are currently in wave ii which usually retraces 50% - 60% of wave i.
If price goes below 110 consider this as a big ABC correction and expect price to fall further and make a new low.
now we have a 5 waves move up (orange) and are currently in wave ii which usually retraces 50% - 60% of wave i.
If price goes below 110 consider this as a big ABC correction and expect price to fall further and make a new low.
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