It looks like a big triangle is forming.
Wave C looks like a triangle and now it looks like we are in wave e of C
If the price reaches the red box, we look for sell/short positions in the red box
We will also look for buy/long positions in the green box.
Closing a daily candle above the invalidation level will violate the analysis
For risk management, please don't forget stop loss and capital management
Comment if you have any questions
Thank You
Wave C looks like a triangle and now it looks like we are in wave e of C
If the price reaches the red box, we look for sell/short positions in the red box
We will also look for buy/long positions in the green box.
Closing a daily candle above the invalidation level will violate the analysis
For risk management, please don't forget stop loss and capital management
Comment if you have any questions
Thank You
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