In the one-hour time frame, examining the state of the recent upward movement that started from the bottom of November 28 shows an increase in the probability of completing an upward five-wave because today's ceiling in the price range of $1811-1809 has created an interference in the previous correction.
The trend line connected from the end of waves 2 and 4 have been violated in the last hour.
Importantly, the trend in the daily time frame is also located in a sensitive area.
As long as the resistance of $1811 is preserved, the decline is expected to continue to the range of $1777-1774.
The trend line connected from the end of waves 2 and 4 have been violated in the last hour.
Importantly, the trend in the daily time frame is also located in a sensitive area.
As long as the resistance of $1811 is preserved, the decline is expected to continue to the range of $1777-1774.
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