Following the zigzag pattern, it is expected to form an x-wave
This wave can travel up to the specified resistance range and should not enter the resistance range of the red box.
Then we are expected to see a continuation of the downward trend.
This wave can travel up to the specified resistance range and should not enter the resistance range of the red box.
Then we are expected to see a continuation of the downward trend.
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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.