It is looking more likely that the high at 720 was not the end of wave B and another wave higher is coming. Since there is a possible count for a small triangle wave (b) this puts a price target on 820 ! At this price there will a lot of selling pressure, that's why it is possible wave B ends up a bit lower. After that, price will resume the downtrend and eventually break the 539 low.
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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.