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Structure here is starting to firm up. The move has taken longer than expected, but price is now sitting at a point where risk feels defined.
The broader correction looks complete, with a clear WXY-style structure and proportions that line up well.
The internal swings are tidy and momentum loss on the sell side is noticeable.
From here, this is the type of area where continuation attempts make sense.
Any long would be invalidated below the origin of the move, with upside interest back toward prior range highs.