Can't say I've ever seen a pattern quite like this. The only thing for sure is it looks very corrective and overlapping - not impulsive. So, thinking the downside trend will resume at some point. Maybe at a Butterfly and another 1.272 extension and measured moves plus, it's showing 7 swings for a possible double 3 in EW ? All within parallel channel lines . . . (will it hit the top again?) Well, I'm thinking this needs tight stops that only the candletitcks can provide, though, might have to reenter for it could be a BIG trade. The daily chart points to 1000 or more pips ? Uh Oh ~~~~~ my mouth is watering and that is never a good sign.
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