Today, the market reached a new low after a few consecutive days of decline. The current reversal appears to be the start of wave C of 4. However, it is best not to rush into buying at this moment. We can anticipate another low after the completion of wave 4, which will be an excellent opportunity to buy for a significant gain.
Please note that this information is solely for educational purposes, and it is essential to exercise caution when trading.
markets seem very bearish and weekly charts also become bearish now.... so wait for a good reversal to take trade according to this view. don't rush to buy.
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.