In a long term view, we have 2 well defined trendlines forming a triangle, that would represent gray wave 4 in my primary count.
Round value $1.00 is serving as a major support and resistance level. There are potential trade opportunities by timing the internal A-B-Cs, but they will get tighter and tighter and the triangle reaches its limit.
The count is invalidated if price breaks 0.4413 (gray wave 1).
Round value $1.00 is serving as a major support and resistance level. There are potential trade opportunities by timing the internal A-B-Cs, but they will get tighter and tighter and the triangle reaches its limit.
The count is invalidated if price breaks 0.4413 (gray wave 1).
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