(Preliminary Analysis – No Clear Confirmation Yet)
The only factor supporting the diagonal possibility is that the rise marked in red is not an impulsive wave, which could indicate a classic ending diagonal formation.
However, the starting point of the third wave of the diagonal remains uncertain. It could start from the current level or after a drop to around 60K before initiating an upward move.
As stated in the title, this analysis lacks strong confirmations and should be viewed as an early observation. 🔍📉📈
The only factor supporting the diagonal possibility is that the rise marked in red is not an impulsive wave, which could indicate a classic ending diagonal formation.
However, the starting point of the third wave of the diagonal remains uncertain. It could start from the current level or after a drop to around 60K before initiating an upward move.
As stated in the title, this analysis lacks strong confirmations and should be viewed as an early observation. 🔍📉📈
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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.