Hey traders! We have strong weekly support at the potential completion of a descending triangle in corrective structure. Typically the impulse that follows is strong and serves as a great buying opportunity if done correctly. However, I want to wait to pull the trigger on a long since we the wave count on the C wave bearish impulse looks to be inside of its fourth of three wave structure. More updates to come!
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.