On Friday we traded the final leg move down in this 5 wave structure. We should now expect a retracement would could be signalled by the inverted head and shoulders forming. We are already in a BUY position and will look to add to it on a break and re trace of the neckline.
Note
price is still consolidating around the next line..breakout imminent??
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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.