To me, it looks like we are still in a wave 4 triangle consolidating. If it continues to play out using the liquidation zones that have formed from the smaller distribution/accumulation cycles it will probably end up looking something like this. Purely speculative and NFA , but I wanted to get my thoughts down to compare later.
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Visit Kick Studios for access to our paid and FREE indicators
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PineScript Indicator Development course
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Trading Discord Community (Apex Trades)
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kickstudios.com/tools
PineScript Indicator Development course
kickstudios.com/courses
Trading Discord Community (Apex Trades)
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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.