This wave structure feels like its stretching out of sustainability. Weird price action in the past 10 days is not indicator of strength, but rather of the will of market makers to influence Retail psyche into getting stuck in their positions. Don't be fooled folks! There is still a very strong resistance not too far off and we've been range bound for a while now.
I expect this mini 5th to be truncated and a diagonal.
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.