The last low can be the end of the correction and the structure after that can be the reversal pattern. That's why I placed a pending order. If I see a lower degree trade setup at the end, I'll modify my order. As you can see, there is a chance for one more drop after an upward impulse. That's why I'll probably hedge my trade if I see a complete running flat between the blue lines.
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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.