We had a break of an uptrend channel, then price bounced from it nicely and formed a new downrend channel.
So there is a wolfe wave, kinda radical one
Kinda late for the party, so trading from the previous tough level.
And we might actually have an ABCD pattern here from the 4-5 leg and rebounce.
So there is a wolfe wave, kinda radical one
Kinda late for the party, so trading from the previous tough level.
And we might actually have an ABCD pattern here from the 4-5 leg and rebounce.