The ABC correction may have completed, with the final C leg forming inside a diagonal structure. A sharp drop started from $1,066. Traders should wait for a potential corrective reaction before entering a short position.
It's important to note that as long as the diagonal channel remains intact, the zigzag structure can still extend. A clear break below the diagonal would confirm bearish continuation toward the $960 zone.
It's important to note that as long as the diagonal channel remains intact, the zigzag structure can still extend. A clear break below the diagonal would confirm bearish continuation toward the $960 zone.
💼 Professional market insights & charts:
cakirinsights.com/
cakirinsights.com/
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.
💼 Professional market insights & charts:
cakirinsights.com/
cakirinsights.com/
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.