Overnight price action has bounced off the lower triangle line which is serving as support. Price has bounced off this support twice already and overnight was third. If the a,b,c,d,e triangle pattern is playing out as shown below, then waves a,b and now c could be complete. That means price should recover to complete wave d and e.
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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.