Updated
Next wave up could break the longer-term descending resistance
Remaining in the longer term downward channel, currently overbought. Expect next move down to 90.50 to 91.50. Waiting to see if next wave up can break the downtrend after this decline.
Note
at the edge of the downtrend resistance lineNote
this "next wave up" is exceeding the previous waveNote
sure enough, look at it go, tighten the stop
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.