The current break of the 50 day moving average is a retracement towards the 'C' leg. This represents a potential buying opportunity both in the short and long term.
The chart shows two ABCD movements up along the long-term trend. The main ABCD and a minor abcd forming within the main.
The chart shows two ABCD movements up along the long-term trend. The main ABCD and a minor abcd forming within the main.