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GBPUSD – Bearish correction might be underway – December 22nd, 2020

It seems like wave 5 took the form of an ending diagonal. The last downward impulse is likely wave ((i)). At the same time, there’s an upward five-wave price movement, which is supposed to be wave (a) of ((ii)). Considering a bearish zigzag, which is likely wave (b), we should watch the 0.786 retracement level …

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