Three reasons:
1) on the 4h we have a rising wedge
2) notice the double top right behind us
3) on the daily you can see that we have three waves up, which often is followed by an ABC correction.
1) on the 4h we have a rising wedge
2) notice the double top right behind us
3) on the daily you can see that we have three waves up, which often is followed by an ABC correction.
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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.