Noticing an ABCDE type correction into a descending triangle.
Based on EW rules, there must be an E wave coming down where price will either reverse or continue downtrending.
If price breaks to the upside, I will look to long until the 0.382 fib retracement.
What are your thoughts?
Based on EW rules, there must be an E wave coming down where price will either reverse or continue downtrending.
If price breaks to the upside, I will look to long until the 0.382 fib retracement.
What are your thoughts?
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