There is some potential to the upside according to the Basic Scenario with E of the big triangle - there is possible c wave to the upside
ALT - WXY - C in Y to the upside.
RSX 1H start to turn but not yet though.
ALT - WXY - C in Y to the upside.
RSX 1H start to turn but not yet though.
Trade closed: target reached
There is an impulsive rise. It can be still unfolding. Some potential in the fifth wave in this impulse. This gives odds to the scenario with wave C of (E) in the triangle.
ALT - A of Y in WZY.
Anyway, both of these scenarios suggest some corrective downside move after the current impulse is finished.
Note
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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.