We are in an ending diagonal for wave C.
There should be resistance from around 61.30 to 63.10.
Once this pattern ends, expect price to fall hard down to at least the beginning of this pattern.
Don't start shorting just yet, wait for price to start to slow down at the resistance zone, also look out for bearish divergence first.
There should be resistance from around 61.30 to 63.10.
Once this pattern ends, expect price to fall hard down to at least the beginning of this pattern.
Don't start shorting just yet, wait for price to start to slow down at the resistance zone, also look out for bearish divergence first.
Note
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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.