As you can see corrective wave C is currently in play. It has been trading inside a descending channel since March 2024 and I expect it to drop to the 61.8-67% Fib retracement, maybe even lower and find liquidity there. Noteworthy: price is trading beneath the EMA 13,50 and 100. The red weekly candle tells us that we're dealing with unusual high short volume to the downside.
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