Non-overlapping Wave – Bearish

Concept: Definedge

There is a clear structure to the price pattern based on non-overlapping waves.

This pattern consists of waves 1,3 and 5 that are bearish columns of ‘O’. In this pattern, wave 4 does not overlap wave 2.

In wave 5, a bearish double bottom sell pattern is formed, which triggers this pattern.

It is a bearish pattern with a strong down trending price structure.