Good short opportunity if price breaks flag to the down side.
Note
On lower time frame we can see that the price broke flag formation but it went back up and made different correction formation (ascending triangle). It is possible that price will move down and continue to the dpwn side by breaking trend line or it will retest the trend line make one more up move which will give us 5 wave correction and continue to the down side. Note
e wave in progress after which price should continue to the down side
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Related publications
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.