This bearish market structure has nearly come to an end. The price has completed double correction pattern with ABC zigzag and ABC flat with an ending diagonal at the end. It shows somehow that it will consolidate. To form the bullish structure, the price has to penetrate the upper resistance zone and after the confirmation, we can see the probability of having an impulse move to the upward.
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.
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.