It looks like the recent breakout above the trend line might be a fake breakout. This is the current scenario that indicates a possible drop towards the level of $7,721.
To be or not to be.
Targets on Chart.
The horizontal correction is getting stretched in price and time, but it does not mean this would be the second wave X in development, because as soon as the level of $7,890 is violated we will have the first confirmation that the low of the wave 2/b is in place.
👨💼Sebastian Seliga - elliottFXtrader.com 👥Forex & Cryptocurrency Trader, Market Analyst and Trading Coach ❌Podane informacje nie są rekomendacjami handlowymi