A deeper correction is needed for continue uptrend, the correction we had is too small for the preceding impulse, this is my idea of what we might see next week short term wise. basically expanding flat pattern. Two target is the 127.1% and 161.8%, if you short this, I recommend you move your stop to the 127.1% target if it drops further. Trade at your own risk as usual.
Note
There is also divergence on the MACD, although the wave is not yet complete, it possible go higher on the MACD, but if we see a cross over, then the divergence is confirmed.Note
Note
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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.