The bears gave a respite to the bulls and let the counter cool-off for the past few days.
The upside correction is the wave 4 of the bear cycle which is an abc correction.
Now, the counter has formed a head and shoulder pattern indicating the commencement of wave 5.
And hence we expect the pair to continue its bear cycle.
However, if you do want a precise entry and exit point, do subscribe to our premium service, where we cherry pick the low-risk, instant profit setups.
The upside correction is the wave 4 of the bear cycle which is an abc correction.
Now, the counter has formed a head and shoulder pattern indicating the commencement of wave 5.
And hence we expect the pair to continue its bear cycle.
However, if you do want a precise entry and exit point, do subscribe to our premium service, where we cherry pick the low-risk, instant profit setups.
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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.
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.