On the D1 chart, a Diagonal is likely forming. Its standard target is 1514-1496. On the smaller H4 chart, a downward impulse from 1669 to 1567 has formed, followed by a Flat in wave b. This aligns well with the Diagonal. Doubts about this scenario will arise if the upper boundary of the D1 Diagonal is breached.
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D1 chart details:
