After a bearish impulsive move, the price appears to be completing a bullish corrective ABC pattern. So far, it has completed waves A and B and is currently in the midst of the bullish wave C.
This bullish move could take the price back to the previous lower high, as highlighted in the chart. From there, we could anticipate the start of another bearish move.
This bullish move could take the price back to the previous lower high, as highlighted in the chart. From there, we could anticipate the start of another bearish move.
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