Even though wave development is very slow, all formation clearly signals up-trend. If current development (inner wave 3 of (5)) is leading diagonal, it will range-bound for another 2-3 days and then strong up-trend.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.