We can easily spot a five wave impulse wave from July 2015 - Oct. 2016, followed by prolonged sideways move, which can only be interpreted as a corrective structure. Volatility is diminishing, and momentum indicators are diverging from price action.
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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.