ABC Forming
As a follow up, looks like ABC forming. If it reaches 0.382 level, we could expect for downwards move and if not then the next resistance level will be at 0.5 Fib. And if that happens, I think it would break the ABC pattern.
Note
Any comments? Would like to hear some feedback.
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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.