We have had an impulse in new trend on daily timeframe and currently we have corretion which develops on bearish trendline. Correction might become more complex as develops however i still expect another impulse to upside.
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Pay attention. Price possible turning for big move.
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Correction turned to be much much bigger than expected and in for of regular triangle,
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I consider two possibilities of further waves development.
YES- was watching the same thing- compression and breakout, last week ag commodities went crypto! Wheat, corn, coffee and sugar will get there. This is a new market cycle after week chart ABC corrections and then basing consolidation- inflation is coming...
JMNIK
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Thanks for revisiting this idea Pablo. I am learning...:-) do you think there is a small immediate upside of 20+ points still left or will there be a pullback first given a bearish looking candle on Friday at an multi-year highs? Thanks.