Short?
Despite the rally, it can be easily marked as an ABC or a WXY.
Time to dump and complete the weekly/ daily ending diagonal
Trade safe
Time to dump and complete the weekly/ daily ending diagonal
Trade safe
Note
An alternative - an ABC (zigzag).Wave A - a leading diagonal. Note: wave 1 of it is also a leading diagonal.
Check for the higher frame - current move is approaching 62% level, where we may observe a strong rejection.
Note
RSI divergence in playNote
For this option to trade, need an overlap at ~17k. That negates the scenario with the third wave unfolding to the upside nowNote
My tiny sell stopped out.
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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.
Related publications
Disclaimer
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.