has formed a second bearish Wolfe Wave
for even further confirmation of bearish
bias. A 14 month downtrend precedes the setup, an indication of more upcoming bearish
price action. NFP tomorrow will create some volatility
in the market, so look for this to be a catalyst to initiate the movement. TP is taken near the 1-4 profit line or around the price territory of the wave 2 terminus.
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