I have rather consistently found that when price rallies past an arc without correcting or consolidating inside it or immediately outside it for a length of time, price will continue to rally to the next arc, form a top there, then proceed to dump back down to test, at the very least, the top of the skipped arc.
Here, look for a top inside or immediately outside the dark blue arc, and a dump down to the top of the light-blue arc.
The key to the whole dang thing is properly squaring your chart.
Most people haven't a clue how to do that on tradingview. It must be done manually.
Check link below for info on how to do it.
But the best trading advice I could give you is to go and graduate therationalinvestor.co school.
I wish I had done it earlier.
Here, look for a top inside or immediately outside the dark blue arc, and a dump down to the top of the light-blue arc.
The key to the whole dang thing is properly squaring your chart.
Most people haven't a clue how to do that on tradingview. It must be done manually.
Check link below for info on how to do it.
But the best trading advice I could give you is to go and graduate therationalinvestor.co school.
I wish I had done it earlier.
