very nice retracement @ 0.618 for wave 1. we are going on purple wave 3@ 1.618 forming cup and would be taken as macros wave 1 - leading to a retracement @ 0.382 to form handle.
macro wave 1, 1.618, 1. both retracement @ 0.382.
Note
nice impulsive wave 1 formed in big wave 3(purple). now we are at retracement.
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