It seems like an upward impulse in wave (1) has finished. If correct, we could be at the early stages of a second-wave correction. As you can see on the weekly chart, it remains unclear which pattern we’re going to have as a whole correction. The last decline was finished in the form of a double zigzag. On the other hand, the last upward price movement looks like an impulse. In this case, one way or another, the market should continue unfolding an impulse for wave ((C)) in the coming months.
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