Price is moving inside of ascending channel. Overall trend is down so this is correction of previous impulse.
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Pattern formation in progress.
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Sell flag breakout.
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Possible break to up side and long opportunity.
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Price broke leading diagonal and now its in up trend. Long opportunities.
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Possible price movement up to 61.8% before start of impulse.
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Possible deeper correction to 61.8% before continuation to up side.