See picture.
The scenario shown here is the most bearish one, with wave C extended beyond the end of wave A.
It is also possible for wave C to end near wave A, forming a double bottom.
More bullish still is if wave C terminates above the end of wave A. I don't think the market sentiment is this bullish to make this very likely.
The scenario shown here is the most bearish one, with wave C extended beyond the end of wave A.
It is also possible for wave C to end near wave A, forming a double bottom.
More bullish still is if wave C terminates above the end of wave A. I don't think the market sentiment is this bullish to make this very likely.
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Related publications
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.