“A possible double high is forming towards the August 2022 correction excessive, and Might 2022 response is low at 25,300,” QCP Capital’s market insights crew stated in an replace revealed Wednesday. “Above that, we’ve the large 28,800-30,000 resistance, which is the Head and Shoulders neckline. Till these ranges break, our 5 wave rely nonetheless stays legitimate, with a last Wave 5 decrease to come back.”
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