Price completed first wave of higher degree wave C. Currently price is on the lower degree wave 3. We should expect price to gain momentum to the downside creating lower lows to complete higher degree wave C. To take advantage of this short term bearish bias, one should find confluences that support a short trade.
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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.