Hi, it seems to not finish the current trend because of two reasons:
1) the point that the wave C was complete, I mean this wave had to finish under or above the trend line and therefor after that a wave x started so that it corrected less than 61.8 percent of wave C
2) according to price action it was unable to break the previous resistance and then experienced a sharp fall in comparison with this relatively slow rise
these signs show that the bear trend still continue until under the trend line AC.
1) the point that the wave C was complete, I mean this wave had to finish under or above the trend line and therefor after that a wave x started so that it corrected less than 61.8 percent of wave C
2) according to price action it was unable to break the previous resistance and then experienced a sharp fall in comparison with this relatively slow rise
these signs show that the bear trend still continue until under the trend line AC.
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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.