So we have counted 5 waves up and are potentially still in our wave 5 with some more upside, however you can clearly see the volume drop off on this last impulse which is very typically of a wave 5 and good confirmation, so what next? well we should be expecting an ABC correction down at some point I have marked our critical support which can act as a stop if breached.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.