DEGEN Flat correction
Updated
Wave 3 has finished, and we are now in a complex correction phase for Wave 4. There's a chance that a flat correction could develop, meaning the market may consolidate before the next big move.
To support this correction we have also identified a bearish divergence.
To support this correction we have also identified a bearish divergence.
Note
Another scenario where wave 4 in smaller degree has been concluded in we are now playing as a wave 5 impulsive move.
But I'm not risking because there is a bearish divergence on the lower timeframes.
Still not a financial advice.
Trade closed: target reached
I think we will have a shallow correction now.
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.