Looking at this chart objectively, it is currently in a lifelong downtrend and we should now expect a rapid and sustained decline to around 13-17% from where we are now in a wave 3 of 3. This changes if dominance exceeds 63.32% or if the next move down doesn't reach the 1.618 extension and starts to look like the C wave of an ABC correction of an uptrend...
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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.