Potential bearish shark pattern.We had an impulsive move after a break of the descending wedge and it seems likely that a irregular flat is forming with a complex wxy at wave b of the Flat.Conservative traders should wait for an impulsive move down and a correction,to further confirm shorts. If we break the highs of 7809,then the trade is invalidated.
P.S This is my own view of the market.Do your own diligence when trading or investing.
P.S This is my own view of the market.Do your own diligence when trading or investing.
Note
Both targets reached
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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.