It is moving in a descending channel at time H1. The roof of the channel is being modified for a short time by forming a double roof. Therefore, it can face further correction up to the midline of the 12.5 dollar channel. If the stabilization candle closes above $12.5, the trend can be reversed.
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Kommentera:
I apologize, I had to cancel the position due to the wrong identification of the wave. The corrective wave has corrected 23% of the previous wave, which started the upward trend with a morning star candle.
