On the daily timeframe, it is possible to assume that wave five has ended and a corrective waveform to the downside may soon begin.
The invalidation of the intermediate fifth wave (in blue) could be placed at the terminus of the current end of wave (5)
The invalidation of the intermediate fifth wave (in blue) could be placed at the terminus of the current end of wave (5)
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Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.