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Our update on the $ AST chart posted earlier. You can see that the market trend has ended the first wave of $ AST, which we perceive that its correction is now out of control.
AST's next trend seems to be moving in the bearish channel with wave 2 corrected today, and is heading to the 2300-2600 support level.
We note that AST will have a minor correction trend to test the 7300-7600 sts level in H4 to complete the downward trend.
However, in the long term we can see the trend of AST is quite good after ending its correction range at 2300 - 2600 sts to enter its main rising wave.