Here we see the play to the downside within a double correction and making our smaller correction here to complete yellow B and resume further downside in yellow C. The impulse should begin within C once we reach the equal leg area defined by the red box just below the invalidation level. We are looking at shorting this box and taking nice profits in the range of the green box.
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.