50 day MA crossed over the 200 day MA indicating a new trend.
My count puts us on wave 4, which could be a triangle ABCDE correction. Wave 5 would follow and then larger wave 2 correction after that.
My count puts us on wave 4, which could be a triangle ABCDE correction. Wave 5 would follow and then larger wave 2 correction after that.
Note
Symmetrical triangle pattern alright, broke downwards though
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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.