Something really dangerous is cooking in this stock, close to ending wedge.
What will trigger this, I cannot tell you that but it really has huge potential for big fall.
Just be cautious if you have investments in this bank.
Bitcoin just completed a extended 3rd wave and hence poised for some correction.
A-wave is in play , we will wait till B-wave is done and SHORT Bitcoin for the C-Wave. As seeing the volatile nature waiting for confirmation is a better way.
As the current top is very mechanical and magical (16666.66) retest is very much possible.
Correction can take it to test the...
-As we can see a pin bar or inverted hammer pattern that denotes exhausted bulls.
-Target will be fib retracement levels
-And this could be the new impulse wave-1 to the upside, which I'll later on confirm.
Shall we say bye to new all time high for the market this year at least.
Correction chances are getting very high.
Potential setup with two high possibilities :-
1)small correction and shall resume uptrend(blue arrow)
2)bigger correction to the 7900 levels(purple arrow).
last time when a posted power grid that time it reached the stop loss..
that time as well the price action formed the abcde correction pattern which still remains but in larger degree.
enter when price closed below 176.