My best bet is that we are consolidating the first impulsive wave on a leading diagonal. we have a strong confluence of resistance ahead in the $850 to $890 range and from there we should see a pull back (Wave 2) towards the $720 to $680 zone ( 50% - 61.8% retracement). I am buying there with a stop on the 71.8% retracement around $620.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.