1. We can see a bullish flag forming up, if this breaks up we can go ahead with the subwave 3 and reaching the 16o price area.
2. The market can break the flag below and still hold the trendline we still go with the above.
3. If both break down (bull flag & trendline) we can see prices around $80 area followed with a period of consolidation -» still good prices for the long term view.
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