After strong impulsive up move by using wave analysis we can read the price action on the chart and from what we see we can conclude that A and B wave of A-B-C corrective expanded flat pattern is completed... Now, this is phase of C wave development and currently we are looking at possibility of regular flat correction before down continuation...
Short term short
Long term long
Short term short
Long term long
Note
Note
Small up move could indicate earlier completion of correction... Small pull back on 15 minute chart would be good opportunity for Long Entry...Note
Note
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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.