A retracement of 61.8% to 78.6% in a zigzag correction as wave B would be still in progress over the few weeks ahead. >> Fib targets marked on the chart.
The Minute degree wave ((a)) seems could be over, and correction in the same degree wave((b)) in a flat or triangle pattern is likely in progress. If it would be a flat formation, a decline of 5% is expected this week.
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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.