Hi traders,
Overview: in my last update, we expected leg (c) of triangle being done and leg (d) started.
Update: it seems we were a bit early on the expectation that leg (c) is finished. Yesterday, the market formed the bottom of leg (c) and started leg (d). I see this leg developing as a double or triple zigzag, with the first zigzag (w) completed so far.
Overview: in my last update, we expected leg (c) of triangle being done and leg (d) started.
Update: it seems we were a bit early on the expectation that leg (c) is finished. Yesterday, the market formed the bottom of leg (c) and started leg (d). I see this leg developing as a double or triple zigzag, with the first zigzag (w) completed so far.
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Related publications
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.