US30 is moving in a clear impulsive structure where the market has completed a corrective phase marked as abc and started a strong five wave cycle with wave 1 and 2 already established followed by an extended wave three and a healthy retracement into wave 4 the price is now holding above the broken resistance turned support zone while respecting the ascending trendline structure the current momentum suggests the market is pushing into wave five with continuation bias to the upside as long as the structure remains intact and the support area holds buyers maintain full control.
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