Long
Mid-term correction could be over
I think the correction is over because:
- We can count five threes (five zig-zags) in the flag formation;
- Volume has spiked nicely after decrease (as denoted by a pink line on the Volume Oscillator).
Now, if correction is actually done, we are about to start subwave 3 of 5. I suggest buying only after flag resistance is broken.
- We can count five threes (five zig-zags) in the flag formation;
- Volume has spiked nicely after decrease (as denoted by a pink line on the Volume Oscillator).
Now, if correction is actually done, we are about to start subwave 3 of 5. I suggest buying only after flag resistance is broken.
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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.