What shown on the chart is a harmonic pattern called the "Butterfly," and according to the rules of the harmonic school this pattern has achieved the minimum required percentage for D , without reaching the maximum limit. Therefore, we expect a rebound from green box up to the 50% Fibonacci level (at least) of the previous leg.
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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.