We are near a top of minuette degree labeled [w].
The intersection between the up-trendline (yellow dashed line) and the 100% Fibonacci price extension (red dashed line) should be a resistance to the upward move but does not mean that a conservative trader should open a short position.
The overshoot in acceleration of 1493 makes it good a second alternate count: the wave 3 of [3] of c of an upward zig-zag a-b-c .
The overshoot in acceleration of 1493 makes it good a second alternate count: the wave 3 of [3] of c of an upward zig-zag a-b-c .
Have a great trading day...with care!
ElwaveSurfer
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