it seems price has made a butterfly pattern with AB = 0.78 XA and point D being at 1.27 XA with an ending diagonal forming at that exact point.
plus there might be divergence in MACD
so if the ending diagonal breaks downward we can anticipate that price would want to go down in a wave equal to wave XA
plus there might be divergence in MACD
so if the ending diagonal breaks downward we can anticipate that price would want to go down in a wave equal to wave XA
Note
so far its going according to planif you've not opened a position you can enter at anytime price goes up for any retracement
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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.