As you see the picture above, it's being formed by a Zigzag. Wave A and B are completed. So C wave is remained and it goes down for a while and then if there is no other scenarios, it can changes its direction to up.
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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.