Based on Elliot waves if this second impulse causes a LH there is a good chance that the elliotts wave theory will play out.
We see the most recent impulse loosing momentium.
This is confirmed with divergence on the MACD indicator.
We see the most recent impulse loosing momentium.
This is confirmed with divergence on the MACD indicator.
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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.