this triangle may be end of corrective phase which is a combination correction.
only a break out above (d) wave of triangle AND moving impulsive is a confirmation for this setup because still it has room for downside.
note the divergence.
only a break out above (d) wave of triangle AND moving impulsive is a confirmation for this setup because still it has room for downside.
note the divergence.
Note
this is daily view. important swings make a gartley harmonic pattern and price is at 61.8% of weekly low to high movement. again note the divergence. Note
expecting wave C of flat Note
the (abc) corrective pattern in the chart is a kind of flat correction.
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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.