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THE PRICE IS IN A DESCENDING TRIANGLE OF A 4TH WAVE.

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he price had formed a descending triangle after an extended 3rd wave, as we can see in the 5 subdegree formed in the 3rd wave. The bottom of the descending triangle is in the area of the 61.8 fibo retracement.

We must wait for the 5 wave.
reneordosgoitia
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Chart PatternsTrend AnalysisWave Analysis
reneordosgoitia
Also on:

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.