ANKER has made some interesting price action. We can see that the major correction is divided in to 3 different waves, A B and C.
Each of these 3 waves are subdivided into 3 subwaves, ABC, which follow the 3-3-5 wave formation. We are now in the major wave C now, which is divided into 3 subwaves 3-3-5 ABC subwave. We are currently on subwave C now which is divided into 5 minor waves and currently on the 5th minor wave.
It sounds pretty complex but just read the above and follow along on the chart.
Trade idea: - Watch for the 5th subwave to bottom. You can do this using a simple trendline or BOS for confirmation - Once the bottom is intact, watch for any corrections to add long positions - Targets: 0.20, HODL the rest and actively manage it
Would love to hear your comments below. As always, trade safe!