Unless something very exciting happens, I think I'll be covering longs at the weekly R1. It looks like it could be a good place for 'A' of 'C' (if that is the count) and if it is premature, I hope that it will be tested from above in due course. Has to get past the 100% extension first which might need a correction given that momentum cluster, but worth noting we now have the 5 pip and 10 pip range bar studies with bullish waves. Recall from yesterday's posts that the 50 pip RB is bullish too, leaving only the 25 pip RB bearish. "who is zooming who" will be come clearer soon I think.
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