It already completed the impulse cycle started on daily time frame and started the correction. The drop was impulse wave A and B wave is in progress and expected to go higher as c of B wave around 760-790 zone before it move down as wave C.
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Disclaimer
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.