Looks like it has finished a 5 wave count and is overbought. If valid, can dip down to possibly .26 but probably at least .288 before continuing up again.
Note
Alternatively, this might be valid. Nothing significant unless you’re an EW fanatic. I just adjusted endings of waves 3 and 4. This results in wave 5 having an extended lesser degree wave 3.
Related publications
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.
Related publications
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.