This is my view of what is going to happen in the following days based on wave analysis. I am looking for another impulse up after the correction is over. Perhaps there is some news event that will flare up the things in the coming days.
I am not looking to trade the correction, because it's a tricky business, but an impulse, that is an other story.
Remember: you should not take this trade (short or long) unless you have a well tested strategy for entering and managing it (especially the short one, the correction). Otherwise you will end up loosing money and blaming everybody (but yourself) of giving you a bad entry idea.
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WOW, the downmove worked like a swiss watch :) we can look now for a buy