On the 2H timeframe, the recent price correction appears to be a diametric one. When a Diametric Zigzag forms, it usually forms a combination pattern, so we consider 2 scenarios:
Scenario 1
Diametric wave-(g) ends in the range of 21050 – 21473 or even higher and the upward movement begins
Scenario 2
a- Wave-(g) continues to the range of 21050 – 21473 and then, in order to complete the time correction, a combination pattern of Diametric – X – Triangle is formed on the support range.
b- Wave-(g) continues to the range of 21050 – 21473 and then a small X wave is formed, but the price crosses the support range of 21050 – 21473, in this case, the combination pattern will still form, but the price can decrease to 19993 or the price range of 18993-18744 according to the second pattern.
The second scenario is more likely to form.
Scenario 1
Diametric wave-(g) ends in the range of 21050 – 21473 or even higher and the upward movement begins
Scenario 2
a- Wave-(g) continues to the range of 21050 – 21473 and then, in order to complete the time correction, a combination pattern of Diametric – X – Triangle is formed on the support range.
b- Wave-(g) continues to the range of 21050 – 21473 and then a small X wave is formed, but the price crosses the support range of 21050 – 21473, in this case, the combination pattern will still form, but the price can decrease to 19993 or the price range of 18993-18744 according to the second pattern.
The second scenario is more likely to form.
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Declinazione di responsabilità
Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.