After A big drop on the daily the price should create a bigger correction.
For this reason I exspect more upside to complete the ABC corrective structure.
The price broke the previous structure and could go up after a correction on lower timeframe.
In my opinion the price will fall one more time to complete the lower timeframe correction before it starts to go up.
Please feel free to follow, share and like my charts for more analysis
For this reason I exspect more upside to complete the ABC corrective structure.
The price broke the previous structure and could go up after a correction on lower timeframe.
In my opinion the price will fall one more time to complete the lower timeframe correction before it starts to go up.
Please feel free to follow, share and like my charts for more analysis
Note
Note
I put a entry order above the last top for the reason if the price will rise from there instead of making a bigger correction.
But i hope the price will come lower for bigger correction so we get a better Risk-Reward
Stay tuned
Note
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Related publications
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.