My best guess at the moment is that we are in the local uptrend despite all the news. Previous subwaves are way too complex and have to be part of something bigger like ending diagonal (on the chart) or triangle (entertained before).
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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.