Dax has been acting rather harmonic lately and now we've got another Butterfly completed on the 4h, while a beautiful bullish Wolfe Wave is in play. I'm still expecting a much larger correction in the long term, but I think we could see a nice run from around here or the bigger daily AB=CB at the fake out in daily + weekly demand, before bears eventually takes control again.
Take notice of the upsloping lines hidden in the background. They've really been doing a great job lately!
Have a nice weekend :)
Take notice of the upsloping lines hidden in the background. They've really been doing a great job lately!
Have a nice weekend :)
Note
Another 5 wave impulse to complete the bigger ab=cd?
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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.