This is a very positive chart pattern developing here.
50% retrace just above a 65/200 ema cross is a great sign of things to come, just needs to hold above the 50%, or worst case 61.8% fib level. On balance volume is strong with price coming off a very long base consolidation. If this is indeed a wave 1 and 2, we could be looking at 3c for the next leg, usually coinciding with a news event.
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