Please read my previous two blogposts first.
Notice how the smaller iH&S that we had at the bottom shows the exact same pattern as the pattern that has developed/ is developing right now. Furthermore, I would like to point at that the retrace of this wave was exactly 0.5, which is where the algorithms buy.
As such, expect them to buy the 0.5 again. My previous post talks about this.
Pasting this fractal idea on current price action, here is the 0.5 retrace:
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Arch