Gap down from Sunday's open still respected the 23.6% level, which should be the end of the 5th wave. Essentially seeing a double bottom of sorts here. We should first see a test of 1.27793 at the neckline, and then if it breaks we'll see 1.36606 level.
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Almost there..
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Price parked at the 78.6%. Looking for more up next week.
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Still long, price came back to retrace a broken level. Retouch with a bull pin bar.
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looking for 26289, then a move back to possibly the 61.8%
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Long from here definitely looks premature. Expecting one more down move, then a move higher to create a lower high, then back down again. DXY is looking like it'll make a move higher as well, which would justify another dip on GU. Expecting a channel to form, and to create an ABC pattern to the downside.
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If this next 4HR fails to break the neckline of the double bottom, then we'll have confirmation for downside move.
Trade closed: target reached
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Price looks like it's heading towards the LT target