Time-consuming sideways movement, tight ranges, and numerous overlaps are all characteristics of a corrective wave.
Sideways corrections often tend to retrace 38.2% of the previous impulse wave, particularly when they occur as wave 4. We wait here when the price reaches this level.
We will continue to detail the structure once we have a clear picture. For now, let’s sit back and rilex.
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.