As you see, CAKE has started a upward W-X-Y-X-Z pattern.
Now the last wave X is going to be completed as a regular flat correction.
In the correction pattern, wave C needs more time to forms a ending diagonal.
After that, it begins a rally!
Now the last wave X is going to be completed as a regular flat correction.
In the correction pattern, wave C needs more time to forms a ending diagonal.
After that, it begins a rally!
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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.