I believe we are wave 4 correction and this looks like a Zigzag and now a connecting wave x has overextended. may end up like a wick and will show like a double top in relation to ath. And wave y is still due which could be any three type of correction. here is the count.
wave 4 can retrace anywhere but should not go in wave 1 territory.
wave 4 can retrace anywhere but should not go in wave 1 territory.
Note
just in case, stop moved to break evenNote
This looks more promising. Turned bullish again. Because X should have not gone above all time high
Trade closed manually
Note
Waiting for a Long entry for subwave 5
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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.