b-d trend line broken and in my book this is a bearish break, looking for 1.3750 area to offer support next.....should we bounce from there? well, it is too early to tell but at least the thrust of the triangle should come and that would be the minimum target. I would be careful in the 1.3740-60 area as bulls are watching carefully still....
I would say this one is still only a leg of a contracting triangle as it is being made only of corrective waves out of a lower degree....in our case, it is a zigzag with the b wave being a contracting triangle
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