This wave count suggest one more leg up to form an intermediate wave E before a larger price drop. In a primarily wave count (dark pink) I am open for the possibility the blue wedge being a wave A in a ABC correction.
Stay aware that price might as well break out at point (D) as we are moving pretty close to the wedge's apex now. If point D is broken I suggest closing any longs. Watch how price currently behaves around dotted blue trendline near point (D) on lower timeframe for clues of a potential breakout.
Stay aware that price might as well break out at point (D) as we are moving pretty close to the wedge's apex now. If point D is broken I suggest closing any longs. Watch how price currently behaves around dotted blue trendline near point (D) on lower timeframe for clues of a potential breakout.
Catatan
Two structures to watch. In addition to the wedge above we have a unorthodox ascending triangle as well that is pushing force on price from below. As long as we get higher lows as we just have seemed to got in point D now.
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Pernyataan Penyangkalan
Informasi dan publikasi ini tidak dimaksudkan, dan bukan merupakan, saran atau rekomendasi keuangan, investasi, trading, atau jenis lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Ketentuan Penggunaan.