Look for bounce from the blue box, anticipating price to go up for wave 5.
Note
C wave extended, but still looking for upside soonNote
RSI have broken trenline, which is positive reversal signal.Note
pay close atention to this candle formation, if green candle closes above red one, this will be good signal to go long. Just play safe, allways put your stops.Note
still no clear reversal signals...Note
Possible scenario:
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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.