My forecast is a bigger correction as I annotated, but the blue A can be the whole correction, and the next wave can be a big upward impulse. That's why I want to take a long trade. If I see a good chance for the wave C, I'll hedge my trade. Now, I'm waiting for a small drop to have a complete reversal structure to place a pending order.
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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.