On my previous analysis earlier today I was expecting a triangle to be formed for the 4th wave. However, the idea is now invalidated. Now what to expect from this current structure is price to continue lower to complete a WXY correction to around 50% fib or continue up from the current level. The only way to take advantage to ride this last 5th wave of lower degree is by lower time frame confirmation. Lets keep monitoring the price. Cheers.
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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.