We expect Travelers to continue its corrective rise in the form of the magenta wave (B) to just below resistance at $232.75 before a significant sell-off sets in. If, on the other hand, the price were to decline earlier and slip below the support at $200.40, our alternative scenario will come into play (35% likely). In this case, we will expect a lower low of the magenta-colored wave alt.(A).
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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.