The last bottom can be the end of the 2nd wave and the strong reaction can be the reversal impulse. That's why I'm waiting for a correction to place an entry order above the last top. As you can see it's still in the downtrend. So, it can also make a correction below the and a new low. We will see if it breaks the or come back. In the case of the breakout, I will buy more.
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Trade with care.