As it is forming ABCD we might see a downtrend because there is no divergence. And it probably made the C point now waiting for the trigger of the order and let the trade play. It could go all the way down to D point as mentioned in the chart. Share your opinions if you come across the chart. Thank you
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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.