Wave 4 moved beyond the channel I had specified, and the validity of this wave was somewhat diminished, and wave 4 moved to Fibo 0.50, and then showed a downward trend in that area.
If the direction of the 5 wave decreases after breaking the channel, it will move to the Fibo range of 0.50 or 0.618.
If the price crosses the warning sign, this analysis will be fielded.
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