Possibility: Not inclined to think so
Speculative bull count but failure to reverse here could be the makings of an impulse wave. I'm under the impression that its significantly more probable that we are coming down from here, but this possibility cannot be ruled out. I don't like the looks of it. Very risky trade zone if you aren't in a position from the top or bottom.
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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.