Price has fallen to the 61.8% retracement where it could potentially find support. forming an inverse head and shoulders, and recover into the 61.8% retracement of the larger move down from ATH.
注释
good reaction so far
注释
The weekly candle has closed above the descending neckline. This is a good signal that the scenario is playing out.
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Price found resistance at the wave 4 high and has now retested the neckline. This may be an opportunity to re-enter