So I think we are in an ABC correction, we have completed wave A; and I think we just completed wave B, which is an ABCDE ascending triangle pattern. This I think will be confirmed if the price breaks below the "D" and invalidated if the price breaks above the "E". I will be watching the Fib retracement from the E point and will be very suspicious if the price breaks above the 618 retracement level.
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