Chart just completed a 5-3 Elliot wave pattern, followed by a double top and it looks to be completing an ABC wave pattern now which commonly follows the 5-3 pattern. I would expect completion of the C wave and then a stronger move past the channel resistance of 9.29. Keep in mind that the pattern of the ABC wave is neutral right now as it appears to be trading in a channel, so a bear break below the 7.65 support is also possible, keep a tight stop loss for that potential move.
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