After we hit the significant top, it was obviously time for a pullback.
There is clearly a downward impulse pattern with truncated (failed) 5th wave. Fall was too big eh?
After that we see some classic zig-zag formations. Turns out to be an expanded flat pattern. Market wants to move in the direction of the B wave.
There is clearly a downward impulse pattern with truncated (failed) 5th wave. Fall was too big eh?
After that we see some classic zig-zag formations. Turns out to be an expanded flat pattern. Market wants to move in the direction of the B wave.
Note
To get a better picture! Note
From a larger perspective... Probably going down to give us another opportunity. Note
Choppy pattern. Broke upwards but could not sustain! Lets wait and see...Note
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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.