Engulfing formation in candles.
Note
Dont play. I publish this only for education;)Note
If this candlestick formation will be in play, we should see wave down to retest 3000.Note
Confirmed by 30min two last candles looking bearish. Retest of 3000 possible, but also 75% retrace of this wave from around 3000.Note
But next candles makes this formation invalidated. Now the market should push higher.Note
If market can push to 3700-3850 area or higher i will show how to hunt 5th wave in this impulsive wave.Note
hunting will be described here
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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.