Believe this Correction is complete. Many similarities with this correction and the larger Wave 2. Both appeared to be a complex correction ending with an ABC. If correct and in a current minor Wave 1 the long term bearish trendline (White) should be tested again. The minor wave 2 could then find support on this trendline. The Bulls would then resume to make new highs. The major bullish trendline (Cayan) should not get broken. Will probably take some time to fully get past the Bearish trendline. Speculating it will be similar to the First wave that began this whole bullish movement.
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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.