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Timothy Morge,
Indicated on his website Friday that Monday is critical.
The inverted H&S in the enclosed gif confirms it on a longer term level.
Please notice how the the right shoulder which consist of 4 waves, today is 46 TD long exactly as long as the left shoulder, consisting of 2 waves. And we are just below the Neckline, touching it for the 10th(!) time.
Please also note the small falling (bullish) wedge marked by 12345. Price below the July 24low, indicates serious weakness and is a break on the "wrong" side with, usually, fast moves as a consequence.
A break of the neckline on the other hand has potential to move to 3323 as measured by the H&S pattern.
Let's see.
Stig
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