Looks like we're having a 3 waves correction here, currently in wave (b) playing out as a triangle, which means we should see a ONE last move lower down to, idealy, ~8500$.
We could go a bit lower but as long as we remain above 7300, bullish bias remains intact.
If we go below invalidation level, we might need to consider the bigger correction as a potential triple combination. (I will make another update in that case)
We could go a bit lower but as long as we remain above 7300, bullish bias remains intact.
If we go below invalidation level, we might need to consider the bigger correction as a potential triple combination. (I will make another update in that case)
Note
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Note
Down it goes !
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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.