Note
Just a theory, nothing special. Just look away, act like you didn't see it :)By the looks of it, we are now in an ending diagonal.
And by no means a buy/sell signal.
Note
When the triangle is broken, there will be a strong movement either way, so be careful of the break. Other thing to be aware of is if the last leg develops into a bear pennant. So best to just wait for confirmation on the upside.Note
There is also an inverse SHS possibility, if neckline is broken and the level retained, this theory will be even more plausible.
Note
Considering the last move from 11700 to around 7300 as wave 1 of the 5th wave, we could see a second move to around 4600 level, but then we would have to break the major trendline and the bottom of 5700.
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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.
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.