This latest move changes the analysis slightly. Looking for wave 3 down now.
So instead of this latest move up being an ending diagonal it looks like a wave 2 completed or near completion.
Only looking for shorts on this but still neutral.
Look for a break below $7635 or previous wave iv for confirmation.
So instead of this latest move up being an ending diagonal it looks like a wave 2 completed or near completion.
Only looking for shorts on this but still neutral.
Look for a break below $7635 or previous wave iv for confirmation.
Note
If you follow candles, on the 4 hour chart there is an evening star formation and a hanging man. Both bearish signs.
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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.