We have double bottomed here for a 100% return of the last impulse up, and reached the 2.0 extension of the first leg down. This is the same extension we reached in July, similar consolidation and wyckoff behavior. Its critical we hold this zone, and it does appear we are attempting to pull to the top of the range on the lower time frames. Its also important we get confirmation, because there have been a lot of false moves to build shorts and stop hunt attacks in both directions. Be smart, while we look to be heading upward in my opinion, there could still be some turbulence to shake leveraged traders and grab more liquidity underneath the range.
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