The consolidation within wave B could be over as wave c in wave B hit between 1 and 1.272 of the wave a distance.
It shaped the bear flag pattern.
Now the second leg of downside correction is underway which could hit at least area of 7300 where C=A.
It shaped the bear flag pattern.
Now the second leg of downside correction is underway which could hit at least area of 7300 where C=A.
Trade closed: target reached
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Related publications
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.