From where we placed the red arrow on the chart, it seems that the BB correction has started.
We have an ABC or more complex bearish pattern on the chart and we are now in wave B of this bearish pattern.
Wave B looks like a diamond diametric as we are now in wave e of this diametric.
From the red range, the price can move towards the lower ranges, heavy rejection.
Closing a daily candle above the invalidation level will violate this analysis and view.
For risk management, please don't forget stop loss and capital management
Comment if you have any questions
Thank You
We have an ABC or more complex bearish pattern on the chart and we are now in wave B of this bearish pattern.
Wave B looks like a diamond diametric as we are now in wave e of this diametric.
From the red range, the price can move towards the lower ranges, heavy rejection.
Closing a daily candle above the invalidation level will violate this analysis and view.
For risk management, please don't forget stop loss and capital management
Comment if you have any questions
Thank You
Сделка закрыта: достигнута тейк-профит цена
This view on BB was correct and without hitting the invalidation level, it dropped more than 34% from the specified red range and reached TP.
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✅ Join our Telegram channel to succeed in trading.
💎Our CRYPTO Telegram Channel: 👉 t.me/Behdark_EN
💎Our FOREX Telegram Channel: 👉 t.me/FX_Behdark
💎Our CRYPTO Telegram Channel: 👉 t.me/Behdark_EN
💎Our FOREX Telegram Channel: 👉 t.me/FX_Behdark
Отказ от ответственности
Информация и публикации не предназначены для предоставления и не являются финансовыми, инвестиционными, торговыми или другими видами советов или рекомендаций, предоставленных или одобренных TradingView. Подробнее читайте в Условиях использования.