Logic behind this idea;
1. Structural break of last support
2. Five legged down of wave 'A' in wave [Y] signifies further five wave down for wave 'C'
3. Weekly candle losses its 50% support
4. Weekly price not able to break previous peak [$3255] and subsequently closed below MSS
5. All these criteria will get valid if the price fell below $3180 next week
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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.