Price is still on the first wave of wave C. Given the current wave structure it looks like we should expect first wave to unfold as a leading diagonal. If we are correct then during the coming week we should expect price to gain momentum to the down side to complete the leading diagonal with the 5th wave. To take advantage of this bearish bias one should find areas of resistance and other confluences to take the trade.
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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.