We have already said a lot during yesterday's session (see chart below), the uptrend may need some consolidation or it could be a real reversal as it happened in the past. With this in mind, we show our idea about impulsive waves, and from a technical point of view we do not exclude a return around wave (IV).
Yesterday we published our bearish
setup on the daily chart
, and from a technical point of view we only moved stop loss to breakeven keeping the same target.
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OUR BEARISH SETUP
(Click and Play on chart below)