The last upward cycle lacked volume to be a convincing reversal, thus a leg lower is expected, resulting in a corrective zigzag (5-3-5) we currenctly notice. Wave A of this Zigzag correction is almost done, further possible pathway in graph. We might notice a nice bounce (wave B) around 6.8K
PS: For your entertainment only.
Happy trading,
Djappa
PS: For your entertainment only.
Happy trading,
Djappa
Note
Adding microcount of WAVE A:
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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.