Currently on the 1hr have confirmation of the 2nd wave . once the 3rd and 4th wave get confirmed the 5th wave will be the huge drop to potential 3.6k retest . The 5th wave based of eliot wave confirmation should end around the circled area normally on big 5th waves their trends to be more decay.
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4850 needed for wave 3 confirmation
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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.