We are near the completion of an ABCD pattern. Following the harmonic rules, a C point retracement leaves up with a 200%BC projection.
I think we could see some downside, which is confirmed by a hidden price divergence (not on the chart).
Please take notice, that there were very strong sell offs and we are still in the bears zone.
Tks,
S.
I think we could see some downside, which is confirmed by a hidden price divergence (not on the chart).
Please take notice, that there were very strong sell offs and we are still in the bears zone.
Tks,
S.
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.
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.