Given the current wave structure we are on 4th sub-wave. The question is whether the correction is completed or we should expect price to retrace lower to fib 38.2. The lower time frame shows high probability of retracing lower to at least to 38.3 fib. A trader who wants to take a continuation trade need confirmation of the bullish momentum.
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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.