I see no Down trend yet, im in good price for buying
Long @ 1.2940 looking for 1.3050
Long @ 1.2940 looking for 1.3050
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DislikedThe failure to make a new high and the taking out of the 1.2952 low means that an ABC correction of the 5 wave move up from 1.2623 is now a high probability outcome.
This only becomes invalid if we now make a new high above 1.3062 (not likely at the moment)
So this is most likely still wave A so expect a turn at some point for SOME retrace then a drop back below whatever low this wave makes.
So:
if we go above 1.3062 = ABC invalid assumption
if we go below 1.2623 = ABC invalid but new downtrend in place.
DO NOT EXPECT...Ignored