I am on the side where reversal of the dominance will happen at the yellow dashed line or already happening.
BUT,
If we could break out from the yellow dashed line there is possibility of triangle of cyclic degree.
Then we could reach the resistance with the red dashed line without break out.
I've built supposed triangle line with supposed calculation of the dat, but it's just a possibility.
Let's see and keep intouch.
BUT,
If we could break out from the yellow dashed line there is possibility of triangle of cyclic degree.
Then we could reach the resistance with the red dashed line without break out.
I've built supposed triangle line with supposed calculation of the dat, but it's just a possibility.
Let's see and keep intouch.
Note
Wave E of a triangle usually doing fake breakout, i am expecting rally after current correctionNote
Upper Update was for TOTAL
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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.