The pull back here appears to have cleared out some high leverage while maintaining the range low. It appears thus far that we are in a falt- regular correction as the rules indicate that it ends in an impulsive move. Considering that we are in a 4th wave of a 5 wave structure, id a expect a bit more downside before hitting the range high.
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.