CAKE looks bearish
Aggiornato
From where we placed the red arrow on the chart, it seems that the CAKE correction has started and wave A has ended and we have entered wave B.
Wave B is a zigzag diamond pattern.
We are looking for sell/short positions in the red range.
Closing a daily candle above the invalidation level will violate the analysis
For risk management, please don't forget stop loss and capital management
When we reach the first target, save some profit and then change the stop to entry
Comment if you have any questions
Thank You
Wave B is a zigzag diamond pattern.
We are looking for sell/short positions in the red range.
Closing a daily candle above the invalidation level will violate the analysis
For risk management, please don't forget stop loss and capital management
When we reach the first target, save some profit and then change the stop to entry
Comment if you have any questions
Thank You
Trade chiuso: obiettivo raggiunto
It dropped more than 28% and reached the green zone and reacted
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