If my wave count is correct, we should be at the starting point of 3rd wave of local down trend (red line) which is the 4th wave of daily uptrend (green line).
The whole green line trend itself is a correction/retracement to 61.8% of the weekly impulse down.
The whole green line trend itself is a correction/retracement to 61.8% of the weekly impulse down.
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Weekly view:
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If breaks the line and makes a flag as shown we can participate the 3rd wave:
