Watch closely for Point C which has to be within the yellow box.
You can use the yellow box as downtrend target as well. If price reverse to the upside within the yellow box then point C is valid and the pattern has higher changes to form.
You can use the yellow box as downtrend target as well. If price reverse to the upside within the yellow box then point C is valid and the pattern has higher changes to form.
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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.