Before anything else, pay attention to the timeframe | it's a higher timeframe and will take time.
The higher timeframe structure of ARB is honestly not that bullish. In this scenario, we’ve considered the entire correction | starting from where the red arrow is placed on the chart | as a diametric/symmetrical pattern.
From a time perspective, wave E has not yet completed, and it is expected to finish somewhere between the two vertical lines. Wave E here is a bearish wave.
If the price pulls back and reaches the green box, we can look for a buy setup in that area.
A 3-day candle closing below the invalidation level will invalidate this 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
The higher timeframe structure of ARB is honestly not that bullish. In this scenario, we’ve considered the entire correction | starting from where the red arrow is placed on the chart | as a diametric/symmetrical pattern.
From a time perspective, wave E has not yet completed, and it is expected to finish somewhere between the two vertical lines. Wave E here is a bearish wave.
If the price pulls back and reaches the green box, we can look for a buy setup in that area.
A 3-day candle closing below the invalidation level will invalidate this 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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Free membership: t.me/Behdark_EN
🔷Our Telegram channel has daily spot and futures signals 👉 t.me/Behdark_EN
💎 Exclusive signals are only shared on our Telegram channel
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
🔆To succeed in trading, just enter our Telegram channel:
Free membership: t.me/Behdark_EN
🔷Our Telegram channel has daily spot and futures signals 👉 t.me/Behdark_EN
💎 Exclusive signals are only shared on our Telegram channel
Free membership: t.me/Behdark_EN
🔷Our Telegram channel has daily spot and futures signals 👉 t.me/Behdark_EN
💎 Exclusive signals are only shared on our Telegram channel
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.