FCPO. Currently within the range of a bull trap.

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We observed a price rally that surpassed the extreme swing high of Wave 3. However, at this point, we are only seeing a three-wave advance from the low of Wave 4. It is premature to conclude that Wave 4 has bottomed.

To manage our expectations and account for both scenarios, it remains possible that Wave 4 has not yet reached its bottom.

The alternate count (in purple) suggests the probability of a bull trap being in play.

Penafian

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