it seems that there is a break out of ending diagonal pattern which means if its the end of ending diagonal we'll have a sharp move to downside.
but its possible for one more up move to complete the ending diagonal pattern and now we may be in the wave 4 of ED.
this ending diagonal is in the C wave of an ABC correction and if its a break out and start of a down trend, it means that we have a C failure.
lets see how its going.
for entering short trade i will switch to lower time frames and trade corrections in lower degree.
break out of corrections in lower degree can be indication for end of diagonal pattern and developing down trend
but its possible for one more up move to complete the ending diagonal pattern and now we may be in the wave 4 of ED.
this ending diagonal is in the C wave of an ABC correction and if its a break out and start of a down trend, it means that we have a C failure.
lets see how its going.
for entering short trade i will switch to lower time frames and trade corrections in lower degree.
break out of corrections in lower degree can be indication for end of diagonal pattern and developing down trend
Not
break below horizontal dashed line can be a trigger for short setup; i change my view about the pattern, i can't count it as an ending diagonal; i think its going to make a triangle :
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.