The counter is currently in a 3-wave bear cycle.
Now, it has completed its wave B and is poised to commence its wave C.
The engulfing bearish candle has marked the beginning of wave C and hence we expect the pair to be bearish in the near-term.
The counter is currently in a 3-wave bear cycle.
Now, it has completed its wave B and is poised to commence its wave C.
The engulfing bearish candle has marked the beginning of wave C and hence we expect the pair to be bearish in the near-term.