Watch for a break to the downside here of the structure almost fully developed (shown in purple).. downside because I believe we are going to get back to following the direction of the upper level bear impulse (shown in brown).. if it breaks, I would still wait for it to go down a bit more before entering the Sell since I am also thinking this structure so far can just be the D wave of a complex correction and has the potential to go back up for a E wave (shown in white) before the start of the upper level structure's forecasted downside.
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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.