Price is lingering at low volume after an impulse wave. That suggests that the market is undecided again, so we could see another megaphone. I think we'll get one more failed breakout attempt before price drops to retest the 50% of the impulse (blue fib).
I'm then expecting for a spike to catch out any shorts before dropping down to break the previous LL.
I'm then expecting for a spike to catch out any shorts before dropping down to break the previous LL.
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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.