SHORT: Simulation with Elliot Diagonal triangle.
Difficult to predict the next price trend. Positive signals with the hash ribbon alternate with the trends of indicators and oscillators. The various already failed breakthrough attacks and the horizontal phase increase the sense of mistrust towards a bull phase.
With my analysis of Elliot I can hypothesize the formation of a final diagonal triangle on the 5th wave, the same one that in the previous analysis I had imagined truncated.
In short, the picture could stand up and announce a fall in the obvious price if the market is not manipulated by Bull Trap.
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.