End of 5 waves
Updated
There is a very nice Butterfly pattern at the end of the wave 5 and also there is a very clear negative RD in MACD. Therefore we can expect to have a downward swing until the end of the channle.
Trade closed: stop reached
Not what i expected...
Usually when harmonic patterns used alone without any other patterns, it may not result as you wish...
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.