As you can see we have printed a red dot on the monthly time frame, History has told us that when we had that signal in the past it was at minimum a 35% retrace, we have our macro ABC pattern that is looking very bearish right now, Trade Safe Cheers
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.