An ABC short riding wave C. The reaction bounce is off the 50% fibonacci line. It's not exactly clear but I can't count any waves in the previous move to the 50% which indicates to me it's corrective or manipulation. It's hard to see past the move but I'm trying to trade only on what I see. The big moves always catch me out and I completely overlook that there are no waves meaning there are no natural buy or selling signals.
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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.