Price closing the week under 5189 will be very indicative and send further signals of bear strength impending.
The complex large degree is a Wave Y that is unfolding in 3 waves ; IMO we're currently in Wave Z of third wave of Wave Y.
In laymen's terms, as long as price remains below 5189, the bias is that we should retest 5100-5056 area of support.
The complex large degree is a Wave Y that is unfolding in 3 waves ; IMO we're currently in Wave Z of third wave of Wave Y.
In laymen's terms, as long as price remains below 5189, the bias is that we should retest 5100-5056 area of support.
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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.