As you see in the picture, the next contracting triangle (Diagonal) is shaping, which is very typical for the bigger wave 4, we are in. I have detailed description in previouse posts. So I keep it short here. In the meanwhile we are not in the support/resistance zone anymore, which would mean we the bearish momentum is getting stronger, so we would fall heavier and more quick.
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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.