Looks to me like the correction to the upside has finished for now and we have started a leading diagonal to start us on the new trend down. Look for one more leg down to the 5th of the leading diagonal before a correction to the upside, which gives us the wave 2 of the new trend down.
Not trading advice, purely educational EW.
No price targets in chart.
Not trading advice, purely educational EW.
No price targets in chart.
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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.