After a strong impulsive bearish wave 3 , A Flat WXY Side Way Wave 4 is formed which is 3,3,5 in its internal structure
Currently , The final impulsive bearish wave 5 is about to be triggered on the breakdown of the bullish green channel ,
Also , from Harmonic Pattern Point of view , there is an ideal Inverse AB=CD shown by the green a,b,c labels in circles
Currently , The final impulsive bearish wave 5 is about to be triggered on the breakdown of the bullish green channel ,
Also , from Harmonic Pattern Point of view , there is an ideal Inverse AB=CD shown by the green a,b,c labels in circles
Note
On medium term , bearish wave 5 is in progress Currently ,the bullish corrective wave 2 is forming , wait for the price to breakdown the support trend line of wave 2 then sell the bearish impulsive wave 3
Trade closed: target reached
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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.