The question now is whether the five wave impulse from the September 10 low is complete. Note that we have hesitated in the Fibonacci cluster area of 1542-1549 and that yesterday's downtrending bar has created a price fractal at Monday's high.My confirming momentum indicator as well as the Derivative Oscillator are on bearish divergences.
Now we watch to see if we can get any follow-through to the downside.
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