There are 5 waves down from that .6090, indicating that the long term trend remains down. An expanded flat correction has unfolded from the February 2 low (.4958). Wave c is in 5 waves, RSI is divergent at the high and has rolled over from overbought territory on the daily. MACD slope is negative but the indicator remains elevated on a relative basis, signaling that bearish potential is significant. Price ideally remains below .5939.
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