A very flat AB=CD, ABCDE retrace on impulse contained within. Now, in OBOS territory, but fairly convincing candle crossing vWAP/US duo. My guess is that was a triple drive contained within AB=CD structure. Another note, the ABBCDE forms an expanding triangle structure, and any triangle is more likely to break out on the flat side. The top side is more flat in this case. Given the deep retrace, I don't expect a spectacular breakout if it even happens.
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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.