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Again those midlines.
Now we have a weekly uptrend. The channel has a midline. The prices have breached it once, bounced off it and have closed below it on Friday (8th Aug,2020).

Stay away from buying until a proper signal is seen. Shorts eager to enter must mind the measured move is yet to trigger.
Note
Measured move in action!
Note
MEASURED MOVE COMPLETE.
Trend Analysis

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