we still expect one more up back to the 118.9 level which will form the third leg of a flat of wave (IV) but price has to break the trend line stated on the chat before a long position is entered.
if price breaks the lower trend line as stated in the chat then price is expected to drive down to form an extended wave V
if price breaks the lower trend line as stated in the chat then price is expected to drive down to form an extended wave V
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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.