Seems to be finding support but is still volatile. Retests of support are common.
The AB leg is the "impulse wave". The retracement (from B to C) can be between 38.2% to 78.6% of the A-B leg (61.8 to 78.6% best) This one did the full .786 percent but was a long impulse wave and what goes up, must come down. At point C, the price, hopefully, switches direction again and continues its original uptrend. This leg (C-D) slopes upwards, parallel with the A-B leg and should ideally be the same length as the A-B leg when it completes. The ideal pattern is equal in time and price, with point D being an between 127%-161.8% of the B-C leg.
You can draw a trendline of AB, then use the magnet to pull that trendline to C to get an idea where this may go.
Anyway..time will tell
Not a recommendation
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