SUMMARY
MatchPool (GUP) is probably exceeded most expectations on the depth of the retracement. Regardless, it still remains a correction. The red A and B have been subdivided and shows it to be a flat type. Wave C is a marginal lower low as shown in below chart. The completion of the downward wedge is also apparent as labeled by completed a,b,c,d,e.
The resulting breakout thus far looks impulsive but a larger degree of trend still views as a three wavish pattern. So, what would be ideal is a higher high. However, the corrective minor abc (red) needs to complete and thus far only waves a,b seem done. Wave c is likely to bring prices to at or around wave 4 region.
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