Large picture: waves 1,2 and 3 of the elliot wave impulse wave is complete.
Small picture: Descending triangle is forming in the short term.
It is that simple.
Strategy: Enter trade at the top of the decending triangle. Target previous support at the fib line. That zone is a fresh supply zone that has only been touched twice so chances are good that it will bounce from there on the third touch, ALSO a great buy opportunity.
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