Alikze »» FIL | Big C or 3 wave scenario

alikze Updated   
In the daily and weekly time, it is moving in an upward channel, which according to the previous analysis, the last wave had the ability to grow to around 100% of the previous wave, after which it faced correction, which was correctly mentioned in the updates of the previous post. And extended to the specified area of correction.
💎 First scenario: Therefore, if this last correction, which is extended in the form of three waves up to the green box range, is completed and its structure does not constitute a complex combination correction, we can expect a sharp super cycle of wave C or 3 from it. In the first step, it will conquer the ceiling of the previous major and after that it can touch the specified supply area.
💎 Alternative scenario: If the green box range is broken, this correction can extend further to the $4 range and then to $3.125, in which case it should be updated again.
If the behavior and structure of the post changes, it will be updated.
Please support this idea with a LIKE and COMMENT if you find it useful and Click "Follow" on our profile if you'd like these trade ideas delivered straight to your email in the future.
Thanks for your continued support.
According to the movement path, after almost 13% correction and positive reaction to the limit of 5.18 in the 8h time frame, with a morning candle, it is in demand. Currently, it will be available with Break 6.25 first target.
According to the movement path, it has grown almost 30% so far, which is currently in a short-term ascending channel, which has faced selling pressure at the top of the channel.


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.