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Some correction happening, but there is lot of support below, and price gets back on track within the structure. Fib 0,618 seems likely to hold on 1H chart, so expecting a breakout upwards from the current triangle - if oil prices hold (as it should do now). You can notice as well the strength in S&P500 now, despite oil price downward corrections, and speculations around hawkish FOMC statements lately. SPX does not respond downwards, only minor corrections.