So, Umex appears to be in a corrective structure considering its pattern. I am just pointing out that as I type this, it is rejecting equal length at the .618 fib level as it has broken out of pitchfork. It does have the possibility of extending to that 1.236 level considering this wave's trend line (which is questionable in my opinion) and still being within the potential pattern. The idea here is if it makes a complex "B" wave as these pairs usually do, then that would be a very large trade to the downside. But keep in mind the very large zone I am pointing out up to that 1.236. However, very strong level right now. USD news in about an hour. Although, this is some high time frame stuff, so know that.
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