Conclusion: The 1-grey wave may have just completed at the 111,965 high, and the 2-grey wave is unfolding to push lower, targeting the low around 95,872.01.
I counted a five-wave within the 1-grey wave, which suggests that it may have ended, and we are entering the 2-grey wave. This decline could target around the 95,572 low in the form of a Zigzag labeled a,b,c))-navy.
While the price must remain below 110,617 to keep this Bearish view valid.
I counted a five-wave within the 1-grey wave, which suggests that it may have ended, and we are entering the 2-grey wave. This decline could target around the 95,572 low in the form of a Zigzag labeled a,b,c))-navy.
While the price must remain below 110,617 to keep this Bearish view valid.
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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.