Since there was more info in the price action, I updated my last view of it. I expect a 5th wave extension and a deep pullback. Be careful if we reach +130k and hold the sl tight and observe if any structure for changing trend is forming.
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The reason of this is because it could be a 5th wave extended. In that scenario of 5th wave extended, usually the 3rd wave is 168% wave 1 (which more or less is the case), and the 5th wave is the 168% from the beginning of wave 1 to the end of wave 3 applied at the top of wave 3 or from the bottom of wave 4. Also the impulse after a correction is proportional to that correction, and we went sideways much longer than in wave 2, so that's why I expect that move to +130k.Disclaimer
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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.