#US30 Time to Lock in Profits

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Based on the current Elliott wave count, it appears that the price is at or nearing the top of wave 5 on the daily timeframe. As a result, we might anticipate a price downturn, if not a full reversal.

At this point, it would be prudent to lock in profits and prepare for a potential downward movement.

Additional confluences, such as the occurrence of bearish divergence in two degrees, and appearance of rising wedge pattern in 4H timeframe, further support the possibility of a top formation.
Not
anlık görüntü

The Elliott Wave analysis played out perfectly, with price dropping from the anticipated top.

Now, it appears we are in wave 4 of the initial bearish corrective wave A.

Feragatname

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