Current price action is a correction in progress of the rally from Oct 2018 low. W leg is considered complete with the X leg a probable expanded flat. Meaning i expect lower prices to complete Y leg around 8700 level and hence wave 2.
Alternatively wave 2 correction might be complete. To be confirmed by 5 waves up from current level
Alternatively wave 2 correction might be complete. To be confirmed by 5 waves up from current level
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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.