As you can see from the chart, the price action is stuck in a corrective triangle, experiencing an ABCDE correction, forming two consecutive cup and handles. The price is currently in the second handle formation, which is wave E from a larger count, which the target should hit to the triangles support line.
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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.