This Wave starting from the Wave C marked in black is the first wave of a 3 wave move move of a Flat. This wave expressed itself in a 5 Wave move and on its completion will be named Wave A. A correction to the upside would occur and on its completion, would be named Wave B. A Wave C would then follow to complete the B of a Flat.
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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.