Kiwi, needs a daily correction

There are 2 scenarios here:
1️⃣ Breaking the previous top first (it can be sharp), then go for a Daily correction
2️⃣ Sliding lower slowly in a corrective fashion.

And it seems the first one is more possible (based on the current small flag shape structure just above the Weekly line which looks like a preparation for an impulse)

On the bigger picture, as shown on the chart, the expected wave / corrective structure, would make a channel for the future long term up move. 🤔

Happy Trading, Stay Green! ✌️

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💬 Please let me know your view about the idea

🔗 Check out the "Related ideas..." in the links below too

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