Let's draw the scenario of correction with the opening of the monthly candle
If the region I marked in red is broken, the target will be 1881
If the correction is done in the region I marked with the green box, the target would be 2030
It is necessary to enter the process by looking at which box the correction will correspond to. The trend line separating the two regions is very important so we have two different regions.
Opening a monthly candle, so don't be in a hurry to open a trade
If the region I marked in red is broken, the target will be 1881
If the correction is done in the region I marked with the green box, the target would be 2030
It is necessary to enter the process by looking at which box the correction will correspond to. The trend line separating the two regions is very important so we have two different regions.
Opening a monthly candle, so don't be in a hurry to open a trade
