As anticipated in the prior RIOT’s analysis, the expected decline of the diagonal’s 5th wave has begun its way downward, and its 8% lies ahead.
Wave Analysis >> The leading expanding diagonal in Minor degree wave A, as the first subdivision of the ongoing correction in wave (2), quite well indicates that a relatively deep correction in wave (2) might be thoroughly developed.
Trend Analysis >> The trend is correcting down in the Intermediate degree wave (2), which will take a few weeks to develop.
The retracement targets >> 8.76 >> 8.20 >> 7.93 >> 7.67
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