Labeled as an ABC (red) sequence, with Minutes A & B (red) complete and the first leg of Minute C (red) already developed.
Lower trend-line could be breached, thus paving the way for a bearish impulse as a possibility.
Lower trend-line could be breached, thus paving the way for a bearish impulse as a possibility.
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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.