Retracement and then follow the Daily down.
Updated
We broke down from last retracement after yesterday's impulse down. Did not confirm it as a range also and then we went down.
Now we shall retrace in our current impulse of the same degree(range) and if it holds, we shall continue downwards.
I can only suspect that this will happen next hour as this is when the greenish trendline corsses the red ones.,Pink are pivots so I expect we'll pivot there IF we hit the middle line of the big trend (violet)
Now we shall retrace in our current impulse of the same degree(range) and if it holds, we shall continue downwards.
I can only suspect that this will happen next hour as this is when the greenish trendline corsses the red ones.,Pink are pivots so I expect we'll pivot there IF we hit the middle line of the big trend (violet)
Comment
I have expanded the retracement channel.Comment
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.