After completing the first upward Impulse wave, we've seen a downward correction in the form of Wave A, followed by a complex correction Wave B forming an ABCDE triangle pattern. Now, as the triangle appears to be completed, we anticipate the breakout of Wave C to the downside, with expectations of it continuing towards the Fibonacci 61.8% retracement level.
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.