LONG: If it breaks the top trend line. Enter on flag retracement. Confirmed the end of a 3 wave corrective pattern and (maybe) the beginning of a 3rd wave began in 2011 September
SHORT: If it fails to break the previous top ~5300. Look for flag. Completing a 5 wave corrective pattern
SHORT: If it fails to break the previous top ~5300. Look for flag. Completing a 5 wave corrective pattern
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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.