HYSTER ($hy): Elliott Waves Technical Analysis

Technically speaking, the trend on the main time frame is bearish, but at the same time we might get some trading opportunities in the short term. If we look at the intraday chart (4H), we see a small impulsive structure developing, and in this case, we are working on wave III. If our idea/analysis is correct, in short term I expect some pullback which should form a corrective structure (ABC or ABCDE Pattern), so it could be interesting to try to take Long position on wave IV. As we can see on the chart the R/R ratio is not good (<1:3), so using a small size should be a correct choice.

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N.B.: Updates will follow below

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wave V in play...

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