The current pattern has two cases.
The first is when the daily rising wave no longer appears and falls into the weekly demand zone.
The second is when it rises once more with an ending diagonal pattern. In other words, it is a case where the daily rising wave continues once more this week and descends to the weekly demand zone next week. The weekly demand zone is created by raising it slightly.
In conclusion, the difference is whether the successful rebound in the weekly demand zone is a large W-X-Y (A-B-C) pattern or a small W-X-Y (A-B-C) pattern. After this pattern is completed, there will be a very large drop.
The first is when the daily rising wave no longer appears and falls into the weekly demand zone.
The second is when it rises once more with an ending diagonal pattern. In other words, it is a case where the daily rising wave continues once more this week and descends to the weekly demand zone next week. The weekly demand zone is created by raising it slightly.
In conclusion, the difference is whether the successful rebound in the weekly demand zone is a large W-X-Y (A-B-C) pattern or a small W-X-Y (A-B-C) pattern. After this pattern is completed, there will be a very large drop.
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It seems to be the second case.
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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.