Price back under blue trendline. Looking for 61.8% as wave 1. This should break the original bottom channel trendline, and bounce off of the bottom channel trendline created by the fake break. Retest of the original trendline should break the fake break line and send this lower.
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Price back under blue trendline. Looking for 61.8% as wave 1. This should break the original bottom channel trendline, and bounce off of the bottom channel trendline created by the fake break. Retest of the original trendline should break the fake break line and send this lower.