Blue ellipse does not have the look or typical wave structure of an expanding leading diagonal. I think a bear rally is more likely, with the rally nearing completion or part of a larger corrective structure.
This count shows the red ellipse as a complete regular flat and the green ellipse as a complete expanded flat.
This count shows the red ellipse as a complete regular flat and the green ellipse as a complete expanded flat.
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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.