As can be seen, it looks like we are dealing with an ABC bullish corrective wave pattern, currently in wave 4 of wave C. There is a possibility of another short-term bullish move to complete wave C.
From there, we could look for selling opportunities in the direction of the higher timeframe trend.
Let me know if you would like me to publish an analysis in a lower timeframe on this chart to take advantage of this rally.
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.