Current wave overlapped wave 1 if we count from the last bull wave. So, the assuming that current wave was wave 4 become invalid.
Think about other scenario that price will form the structure 3-3-5 of flat pattern. Bear will continue after correcting up to bear trend line.
Think about other scenario that price will form the structure 3-3-5 of flat pattern. Bear will continue after correcting up to bear trend line.
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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.