Based on the harmonic and Elliott and the trend analysis and divergence between the two peaks of the momentum indicator, it seems that we are on the verge of a large downward trend of wave 2.
But this is just a view from an analyst and the market is unpredictable and there is a possibility of failure of this analysis
So consider this scenario and wait for the market to figure everything out
If this scenario fails and is confirmed again, this analysis will be updated according to market behavior
But this is just a view from an analyst and the market is unpredictable and there is a possibility of failure of this analysis
So consider this scenario and wait for the market to figure everything out
If this scenario fails and is confirmed again, this analysis will be updated according to market behavior
Note
Indicator divergence occurred during the monthly time
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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.
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.