While we could have been finishing (ii) of 5 of (3), in which case it is wise to enter longs here, we could also be in the beginning of C or (iii) of C. And it will be painful for longs.
Can't distinguish these two possibilities without additional price action.
Be careful.
Can't distinguish these two possibilities without additional price action.
Be careful.
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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.