It seems like an upward impulse in wave (1) has finished. If correct, the market should continue unfolding wave (2) in the short term.
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 wave ((A)). 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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