Price is currently moving in the downtrend direction, we were recently in a corrective state. We know that corrections are always followed by motive waves. We are in an impulse state we might see a possible small correction before the next sell-off. We might make new lows it might take a while or perhaps get a bigger 1-2 sequence.
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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.