Based on past price action, I see this going down further after a small rally to complete the target for this upward wedge.
The ABCD move has proven many times to be fact and I expect based on this move, it will be similar in a deep pullback. However, everything has conditions, to confirm so.
Note: weekly 10 and 20 ema are relevant to this chart and I see this price heading towards the 20 weekly ema, for now.
For more reasons as to why, look at my live video stream from 30min onwards as to why I think it will be going down further and why short. Link to the video stream. tradingview.com/streams/Si778X8JzlVJdvVTTDkEx/
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.