Interconnectedness of waves
Measuring the impulsive bearish wave
Fibonacci channels determine the wave of potential and limits such as support and resistance in respect to cycle timing.
So if the price falls AGAIN establishing wave 5 that would definitely create the critical disbalance in the market so that bulls will take over temporarily to complete ABC pullback.
Measuring the impulsive bearish wave
So if the price falls AGAIN establishing wave 5 that would definitely create the critical disbalance in the market so that bulls will take over temporarily to complete ABC pullback.
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So far market behaves accordingly. Wave 5