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As a result, an ABC wave pattern was formed, and since wave "A" has a bullish structure, bearish traders should begin closing their short positions and consider entering a long one. This is because a pullback should occur in the market, the direction of which is as presented in the chart above. Such movement is in accordance with the Price Action and Stop Hunting strategies.
Of course, risk should be monitored to avoid losing profit. This financial market is rather unstable, so correct approaches are needed to gain money.
Good luck!
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