After a elongated rally is not rare to find an ending contractile diagonal. Usually this create a snap reverse. Usually this pattern exceeds the 1-3 line when form it's 5th wave In this scenario the 1 to 1.618% proportion for wave 5)) increases the odds of the turning point.
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.