Clearly going within green trend. No meaningfull retracement. Best interpretation is "It is still a 3rd wave"...
It may have ended in a wedge yesterday or followthrough to the upside in a Santa Claus rally.
No good Risk / Reward for a trade setup at the moment.
It may have ended in a wedge yesterday or followthrough to the upside in a Santa Claus rally.
No good Risk / Reward for a trade setup at the moment.
Note
...still in third wave of minute degree. The wedge was indeed a wedge (diagonal)... However it was a leading diagonal!More fuel on the upside left as of this point.
Trade closed: target reached
continued to the upside.... now it is about time to turn bearish. stay tuned for our updates!
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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.