Alternative scenario: Worse than just " bad"

We bounced off the canal, the bulls are so weak they can't get zone. In this case, if the correction is completed, and 3 wave is not finished, it will stretch to the resistance zone, and then the wave 5 will update the lows. Threatens a strong wave of sales in this scenario

by the way, pay attention to the triangle in the oscillator. On the chart it is not visible, but there it is and the price instantly responds. That's interesting

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The target has been reached