a comparison between the length of upward cloud and upward wave
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Because the length of upward cloud (33 bars) is bigger than the length of upward wave(11 bars) so we should see a lower price than the beginning of previous wave.after that new rally will begin.
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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.