H4 - Triple wave to the upside which ended with a bearish divergence.
Currently it looks like a correction is happening.
After the first leg to the downside, it looks like a flat correction is happening in the form of a range now.
Until the top of this range holds my short term view remains bearish here and I expect the price to move lower towards the key support zone formed by the 38.2% - 50% Fibonacci retracement zones of the triple cycle.
Currently it looks like a correction is happening.
After the first leg to the downside, it looks like a flat correction is happening in the form of a range now.
Until the top of this range holds my short term view remains bearish here and I expect the price to move lower towards the key support zone formed by the 38.2% - 50% Fibonacci retracement zones of the triple cycle.
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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.