It seems we’ve completed a double correction, marking the end of wave A. At the point where we’ve placed the green arrow on the chart, it appears a bullish structure is taking shape.
The pattern forming resembles a diametric, and we are currently within wave E of this structure.
There’s potential for the price to be rejected downward from the red zone.
If the daily candle closes above the invalidation level, it would negate this analysis.
For effective risk management, make sure to set your stop loss and manage your capital accordingly.
Feel free to drop any questions in the comments.
Thank you!
The pattern forming resembles a diametric, and we are currently within wave E of this structure.
There’s potential for the price to be rejected downward from the red zone.
If the daily candle closes above the invalidation level, it would negate this analysis.
For effective risk management, make sure to set your stop loss and manage your capital accordingly.
Feel free to drop any questions in the comments.
Thank you!
Trade chiuso: stop raggiunto
The price remained above the override level. Target is invalid. See you in the next analysis
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Declinazione di responsabilità
Le informazioni e le pubblicazioni non sono intese come, e non costituiscono, consulenza o raccomandazioni finanziarie, di investimento, di trading o di altro tipo fornite o approvate da TradingView. Per ulteriori informazioni, consultare i Termini di utilizzo.