comment: price has cut below ext. fibo 61.8, where the end bottom point produce the image of bullish divergence. There could be 2 scenarios that i can come with analysis for today. Its either, market is doing minor retracement as the big timeframe indicates strong bearish trend,or market is starting up to reverse the pattern. If i count the wave, market is now performing minor wave 4 and going to complete wave 5 in a favour of downtrend, while if the wave that we're talking about is a corrective wave, then we have completed wave c, where market predicted to make reversal. stick to your target, careful with the indication, and try to get supportive indicators to confirm this situation.
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