As you can see, the price reacted positively to the bottom line of the channel and respected it, and the third wave ended in contact with this line, considering that the five waves in the daily time frame have not been completed, so this is not the end of the fifth wave. In the 4-hour period, we should wait for the creation of the fourth wave and again the downward pressure of the price, if the lower line of the channel is broken, we will witness the expansion of the fifth wave
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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.