It is better to move to long or short after fixing one of the blue levels.
The wave model will be like this if you close what is to the left of the red line. The problem is also that if we assume the former bottom as a, then there should be (b) at the top (1), however, a five-wave structure is being looked out for here. So I decided to sort of "close my eyes" Alt markup is also applied.
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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.