Consolidation continues. Wave b (black), perhaps, will take the form of a zigzag. I want to see a deeper correction to the price of 4650, but this may not happen, because look at the wave C (orange) in wave a (red). Corrections in the last wave were shallow and brief in time.
You can also try to play for a breakdown at the price level of 4950. Work better with a short Stop Loss.
You can also try to play for a breakdown at the price level of 4950. Work better with a short Stop Loss.
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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.