According to my analysis, we are in wave 2 of the weekly (pink) structure and wave 3 of the daily (blue) structure. Both have targets to the upside.
Note
On the H1 time frame there is a good possibility of one more impulse to the downside before the rally. There is a small corrective structure which has formed and a break of this to the downside will indicate the start of the second impulse to complete wave 3.
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.
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.