1- Divergence followed by Convergence.
2- Looks like pullback is happening right now.
3- AB = CD pattern anticipated.
4- Once the pullback is over, one can expect a push to the downside.
5- Look for Sell Entry after correction, not (when price action is) on the way up.
2- Looks like pullback is happening right now.
3- AB = CD pattern anticipated.
4- Once the pullback is over, one can expect a push to the downside.
5- Look for Sell Entry after correction, not (when price action is) on the way up.
Order cancelled
The anticipated direction is correct.However, the price action did not retrace to the desired zone, though the price action reached the TP levels.
Trade did not get activated.
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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.