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My working count suggests that the fall started from 2.0049 (4 April) is a terminal impulse (ending diagonal). If this idea is correct, we should see one more fall below 1.9598 in wave 5. With an eye on this idea I entered short earlier today. However I have to admit that my confidence is still low but it will increase if we see a fall below 1.9730. Key resistance is 1.9806 and in a case of a break above it, one should expect re-test of 1.9892 which is very important level because a rise above Read More...
Filed under: Technical
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