There is a bearish Harmonic C-D leg, currently price has undergone heavy bearish momemtum. Ideally i`d ike to see price pullback and retest the bullish channel which it has broken before but has failed to close below on the retest. Once more price is trying to do this again, so we could see a failed attempt shown as a bear trap. Im favoring that price will make a bull trap and go can go easy on this trade.
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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.