It seems that the bullish diametric pattern on FUN is coming to an end. It appears that only a truncated and shortened wave G remains, which could complete after reaching the red-marked area.
A reaction is expected within the green-marked zone.
Keep in mind that the daily timeframe takes time to play out.
A daily candle closing above 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
A reaction is expected within the green-marked zone.
Keep in mind that the daily timeframe takes time to play out.
A daily candle closing above 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
Trade closed: target reached
The downward path of FUN was accurately predicted, but it didn’t hit our supply zone exactly
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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.