Pullback next?
After almost hitting the inner arc it might face downwards again. Might be some drawing error on the arcs but it looks quite accurate in this position. The stop loss is placed above the outer arc, and a short entry could possible be done later on. Local ascending patterns (for instance Triangle pattern) might be the trigger. Also look how close it is the globale trend line.
Note
Here is the original idea.
Note
A close-up:Note
Strong Resistance on "the neck line" currently:Note
Note
The RSI Trend line is also broken:
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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.