(ii) of 1st seems to be ending with
combination corrective pattern of a flat and a zigzag.
2nd leg of zigzag to begin after a bounce in (B)
That means the meeting/decision on rate cut might lead to "Buy the rumour and sell the news" incident for the markets.
combination corrective pattern of a flat and a zigzag.
2nd leg of zigzag to begin after a bounce in (B)
That means the meeting/decision on rate cut might lead to "Buy the rumour and sell the news" incident for the markets.
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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.