Comment
1.Trend is down
This is a negative signal! Three consecutive wave degrees show a clear NEGATIVE trend,
starting with the Minuette wave degreebut the most likely, though conservative target seems to be reached already.
Prices are likely to decline further as long as all trends stay DOWN.
2. Longer trends down, shorter up
This is a mixed outcome, where the longest trends,
starting with the Subminuette wave degree, interesting for scalpers, are down, but the shorter ones are still up. If it changes to three positive you have a trading opportunity.
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