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The right shoulder is finishing it's formation as I suspected from my last chart. Squatches are big eaters like me and nothing better than a Double Combo. VERY SATISFYING!
Good risk reward long here because wave 4 can not go below end of wave 1 at 1.29875. EWO not showing much divergence yet, therefore wave 5 likely not completed. RSI strong oversold. Target is end of 5th wave in bullish impulse pattern to W5, (C), (Y), (red) B. Then we short to 1.2000 zone.
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Upon review I am moving stop W 1 top to 1.2902. So above mention of 1.29875 is invalid at this point. Still a great long opportunity at this risk.