When we are in correction mood, we cannot say clearly whether the converging BCDE triangle will break upwards - in most cases it does - or downwards. In conclusion, we expect to recognize signs of breakout.
Note
This pattern looks like an abc correction instead of an upward wave 123. Note
forecast Note
Note
A possible pullbackNote
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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.