Watch for breakout of brown line for sell entry as I expect price to drop much futher.
Whole structure might be an imulse in downtrend or C wave of bigger correction in form of running or expanding flat.
All depends from price action of down move so pay attention for clues as it could lead to much bigger target than marked on chart.
Good luck
Whole structure might be an imulse in downtrend or C wave of bigger correction in form of running or expanding flat.
All depends from price action of down move so pay attention for clues as it could lead to much bigger target than marked on chart.
Good luck
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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.