It completed the impulse sequence at 3180 high and dropped sharply as wave A. The current price action is not very clear, but if it drops below 2954, it is considered to be the part of 3rd of C wave and can go further downside. Unless then, there is a chance of B wave flat correction.
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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.