Latest moves in three waves.
Assume two options:
1) flat (3-3-5 structure)
2) triangle
All two are bearish structures. Daily MA50 slightly above, supports immediate push to the downside.
But be aware, that on daily structure we are approaching the culmination point. All sells are short-term.
Trade safe
Assume two options:
1) flat (3-3-5 structure)
2) triangle
All two are bearish structures. Daily MA50 slightly above, supports immediate push to the downside.
But be aware, that on daily structure we are approaching the culmination point. All sells are short-term.
Trade safe
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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.
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.