Hi
It may have already started at the low of 53c that's a 31% retracement from 73.5c which is very normal. As I outlined earlier there is a chance that it could pull back to around 48c (38% ret) , but I suspect that that is the least likely case.
I will know that the C wave has seriously started when we go through two resistance points 67c and 73.5c then we are off to the races again for a while.
Just my opinion , DYOR.
cheers Lies
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