Waves rounding top and about to roll over. A savage upward explosion resulting in alot of untested liquidity below. Typically prices will go back to where the uptrend started. See recent examples in ANC and PEOPLE.
Now at support of the 61% level of the entire move. Ideal moment to enter is via one last push up in the wick or if price stays below 61% with several 4h candles.
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