After a common flat completed market formed yet another flat, of the same degree, but seems to be only an x wave, or an intervening x wave as it is also called.
This means another corrective wave to come, most likely a zigzag this time as on the bigger picture it seems we are having a contracting triangle on the bigger time frames.
It remains to be seen how this Friday will end up. Price action is bullish now, but sentiment may change in a blink of an eye....waiting for London for direction and more clues about the pattern.
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