Prices are progressing nicely to the posited 1.0625 target. This target is based on a symmetry technique where the middle of the sharpest decline marks the middle of the entire 5-wave impulse. 1.0625 can also offer symmetry between waves-(1) & (5). S/t, it appears that wave-(4) is tracing a penultimate bear triangle pattern that can set the stage for one more thrust lower this week. Resistance is 1.0678/97 and support is 1.0647. Ideally, minimal strength today can finish the coil before the expected decline. A more meaningful correction can follow post a move to new lows. Conviction: Med Levels: Support – 1.0647, 1.0625, 1.0601 Resistance – 1.0678, 1.0697, 1.0717
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