Price has created a simple ABC pattern with a possible move to the downside. Currently anticipating Wave C.
B wave has competed the 5 wave correction
Awaiting breakout for a downside target of 14.75.
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Waiting for price to move up a bit more. Currently in a bull flag. Waiting to see how deep the correction is.
Will look for price action around:
- Triple top region (15.673) - This also meets the descending pink trendline
- The descending yellow trendline, which is a long term descending trendline (15.8 - 16)