If the current structure is forming a ABC correction move of the previous 12345 impulse wave, the correction has been completed and is setting for the next impulse. A bull setup would be favourable if price breaks the flag structure (yellow trendlines).
A bear setup would be favourable if price breaks below the ascending trendline (white). This would then invalidate the previously said ABC correction move. A more detailed analysis will be done next week with more data.
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If the current structure is forming a ABC correction move of the previous 12345 impulse wave, the correction has been completed and is setting for the next impulse. A bull setup would be favourable if price breaks the flag structure (yellow trendlines).
A bear setup would be favourable if price breaks below the ascending trendline (white). This would then invalidate the previously said ABC correction move. A more detailed analysis will be done next week with more data.