COMP Update (2D)

10 gen

This analysis is an update of the analysis you see in the "Related publications" section

First and foremost, pay attention to the timeframe. The 2-day timeframe is lengthy and requires patience.

It seems that COMP is currently within wave F of a large diametric pattern. Wave F is bearish.

The time correction of wave F still appears to be ongoing.

The green zone is a low-risk area for BUY positions. Considering the large entry zone and the timeframe, this position is more suitable for spot trading.

The closure of a daily candle below the invalidation level will invalidate this analysis.

For risk management, please don't forget stop loss and capital management
Comment if you have any questions
Thank You

11 feb

Trade attivo

Since the analysis, it has dropped over 48% and was supported upon reaching the green zone. Our view on COMP was correct.