From where we placed the green arrow on the chart, it seems that the ONT symbol has formed a diametric.
It is now in the last wave of this pattern (wave G).
From the red range, it can be rejected downwards. We are looking for sell/short positions in the supply range.
The targets are clear on the chart.
Closing a 4-hour candle above 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
It is now in the last wave of this pattern (wave G).
From the red range, it can be rejected downwards. We are looking for sell/short positions in the supply range.
The targets are clear on the chart.
Closing a 4-hour candle above 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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