A Megaphone pattern is forming within this 4th Elliot Wave.
A megaphone pattern can go either way as it is a representation of the volatility in the market.
How would I play this?
Long, If it breaks above the 5th wave and backtests support.
Short, if it breaks below the 3rd wave and hits its head.
Entry, if it holds support at the lower trendline of the 3rd wave.
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