Potential Peak in place following a completed five-wave advance with an ending diagonal in the fifth-wave position. The uptrend has indeed entered its mature stage.
Trade closed manually
The short-term pattern invalidated however the mature uptrend reached its peak and the current pullback is satisfactory. We expect a corrective rebound to set the stage for a one more leg down towards 3000 - 2800 range.
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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.