as mentioned before price did make a five impulse so we entered and took the ABC retracement.
now price is losing its strong force and seems its making an ending channel at 0.78 fibo with a possibility of forming a Crab in 4H
if the channel breaks downward, it might want to go further down and make its C wave lower than point A and complete its ABC correction
now price is losing its strong force and seems its making an ending channel at 0.78 fibo with a possibility of forming a Crab in 4H
if the channel breaks downward, it might want to go further down and make its C wave lower than point A and complete its ABC 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.