Update to the previous chart:
I've noticed the current channel we are in.
I'd say we are gonna hit the bottom again at some point.
MACD on 12H is diverging and 1D shows signs of divergence.
Also, if it continues to fall, the above mentioned ABCDE correction
would be proven wrong.
Then, we would actually be in a 3rd Wave, and two more waves might be incoming.
I've noticed the current channel we are in.
I'd say we are gonna hit the bottom again at some point.
MACD on 12H is diverging and 1D shows signs of divergence.
Also, if it continues to fall, the above mentioned ABCDE correction
would be proven wrong.
Then, we would actually be in a 3rd Wave, and two more waves might be incoming.
Note
Well...that was fast....
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Related publications
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.