Looking at the waves, we can notice that it is currently in corrective structure, wave C. The move to the downside has already begun. I will update the waves in the longer timeframe (1D).
Note
Looking at the daily, this confirms the move to the downside we are currently in Wave number 4. Wave 4 is a corrective wave just like wave 2.
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.
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.