Here we can see 5 waves up followed by a corrective ABC wave, with the bottom of the C wave ending at the 50% fib level of the initial Elliot wave (from wave 1 through 5). ABC wave also formed a nice and square bull flag, and we have what appears to be a possible inverse head and shoulders pattern at the bottom of the C wave. All in all a good confluence of strategies all pointing to a long, i was also hoping for divergence acros the lower lows of the price action but we dont seem to have any on the 1H chart.
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