We clearly see a five-wave chart, but we don't know if this structure is wave 1 of an impulse move or A wave of a zigzag, so we have to wait for the completion of the moves ahead.
If the price decline after the end of wave 2 or B is severe and leads to breaking the $1,200 support, then we are most likely in wave 3, but if the price slowly enters the $1,400-$1,200 range and fails to break the $1,200 support , then we have most likely completed the zigzag pattern.
If the price decline after the end of wave 2 or B is severe and leads to breaking the $1,200 support, then we are most likely in wave 3, but if the price slowly enters the $1,400-$1,200 range and fails to break the $1,200 support , then we have most likely completed the zigzag pattern.
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FOLLOW ME ON SOCIAL NETWORK
Telegram: t.me/KhaniTechnical
Instagram: instagram.com/khanitechnical/
Youtube: youtube.com/channel/UCyVqjUaOZX1WjitGHIZaZAw
Twitter: twitter.com/khanitechnical
Telegram: t.me/KhaniTechnical
Instagram: instagram.com/khanitechnical/
Youtube: youtube.com/channel/UCyVqjUaOZX1WjitGHIZaZAw
Twitter: twitter.com/khanitechnical
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.