Looking for the 5th wave to complete on a minor level to the downside.
We're still in a channel, so I expect price to bounce back from the 1.72967 area to create a higher high.
On the weekly timeframe, we have a support level (turned resistance), that hasn't been tested yet.
This will be the driver that sends price to the bottom (Long term view) to finish up the major 5th wave to the downside.
We're still in a channel, so I expect price to bounce back from the 1.72967 area to create a higher high.
On the weekly timeframe, we have a support level (turned resistance), that hasn't been tested yet.
This will be the driver that sends price to the bottom (Long term view) to finish up the major 5th wave to the downside.
Note
Short entry here
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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.