I see a diamond reversal pattern forming so it should his the top support around .0605. I expect it to bounce back down after that for a bit before the next real rally.
Note
I'm changing my target to around .0615 or so. I remeasured using the broadest point betwwen buyer/seller.Note
I still believe the diamond formation is filling out. The outline on the right that I originally drew was arbitrarily placed to show the area I was talking about.I believe that as long as we are in the brown, we are on track.
Then again, I could be completely wrong.
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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.