Warning: Pump momentum is high, get confirmation for sell/short positions.
From where we inserted "START" on the chart, it looks like a big triangle.
We now seem to be at the end of wave E of this triangle. Wave E looks like a diametric, we are now in wave g of this diametric.
We are looking for sell/short positions on the red range.
Closing a daily candle below the invalidation level will violate the analysis.
For risk management, please don't forget stop loss and capital management
When we reach the first target, save some profit and then change the stop to entry
Comment if you have any questions
Thank You
From where we inserted "START" on the chart, it looks like a big triangle.
We now seem to be at the end of wave E of this triangle. Wave E looks like a diametric, we are now in wave g of this diametric.
We are looking for sell/short positions on the red range.
Closing a daily candle below the invalidation level will violate the analysis.
For risk management, please don't forget stop loss and capital management
When we reach the first target, save some profit and then change the stop to entry
Comment if you have any questions
Thank You
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