Big drop awaits

23 בנוב׳ 2022

Price is approaching to sell zone to mittigate the supply and inefficient candles in the form of rising wedge pattern. We can expect a reaction to the down side as this zone will present the fifth and last impulsive wave of the Elliott waves pattern inorder to complete the pattern. Currently price is in the fourth corrective wave in wedge pattern and look for other confluences like divergences or others as it approaches the zone inorder to stregthen the entry.