QNT/USD made a five-wave recovery into a higher degree wave A/1 from March lows, in overlapping and contracting fashion, a pattern known as an Elliott wave leading diagonal. Now price can be trading into a temporary pullback as B/2, which can once sub-wave c fully unfolds, reach and face support and a later bounce at the 4.500 or deeper at the 2.600 level, where various Fib. ratios sit.
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