Short trade is active... This is the beginning of c wave correction or b wave completion.. On daily view this could be (A) corrective wave development but we cant be sure about that since it is premature to make that decision.. Overall trend is up..
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Daily view... Note
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Here is an example of crective pattern complexity. In this case I forcased end of correction but actually it was just end of a wave of C wave of wave 2 of larger (B) wave lol.. Now we are in a (C) wave which should complete Flat correction and long opportunities after correction completion...
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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.