Labeled as an ABC (red) sequence, with Minor B (red) complete and the first leg of Minor C (red) already developed.
Ascending Channel could be breached, and a down-trend could commence in Minute iii (red), in an impulsive and sustained manner.
Harmonic ABCD Pattern could indicate a Bearish Butterfly.
Ascending Channel could be breached, and a down-trend could commence in Minute iii (red), in an impulsive and sustained manner.
Harmonic ABCD Pattern could indicate a Bearish Butterfly.
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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.