CEPB - H1/H4 Analysis - 25-02-2023
We are witnessing a perfect example of a bearish impulse wave. Red Wave (4), which has a lot of potential structure to develop, is currently in progress. We're still lacking the last wave. In the fifth wave making the price may attract buyers to rush in. To validate the bottom's position, we will then need a strong reversal over the course of five waves.
Trade always after confirmation.
