Wed. Oct 27th, 2021

Although the seas have begun to settle, the clouds have not yet cleared. The price structure leaves us convinced that the rally continues to be contrary to the trend despite the turn of the price momentum. Our view would begin to change only if prices advanced through the upper parallel of the modified Schiff fork and the Kijun plot (44,575). Until then this could only be the eye of the storm with a fifth wave to follow.

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