It's been a long time since the correction started after GMT's heavy climbs ended.
When it was going up, it seemed like GMT would go up forever, but make no mistake, no ups or downs in the financial markets last forever.
By examining the GMT waves in terms of price and time, we can see that we are in a downward and corrective diametric.
If we examine the corrective waves in more detail, we can get more details. So that the E wave of this large diameter itself has become a smaller diameter, and now we are inside the G wave of this smaller diameter.
The green area is where the major E branch of this major diametric can end and we enter the major F wave of this major diametric.
The optimized zone is the best zone for buy/long positions.
If the price only reached the green ob area and did not reach the optimized area and then gave bullish signs or confirmations, think about the buy/long position.
The red zone can be a safe zone target for F wave upward movements.
For risk management, please don't forget stop loss and capital management
Comment if you have any questions
Thank You
When it was going up, it seemed like GMT would go up forever, but make no mistake, no ups or downs in the financial markets last forever.
By examining the GMT waves in terms of price and time, we can see that we are in a downward and corrective diametric.
If we examine the corrective waves in more detail, we can get more details. So that the E wave of this large diameter itself has become a smaller diameter, and now we are inside the G wave of this smaller diameter.
The green area is where the major E branch of this major diametric can end and we enter the major F wave of this major diametric.
The optimized zone is the best zone for buy/long positions.
If the price only reached the green ob area and did not reach the optimized area and then gave bullish signs or confirmations, think about the buy/long position.
The red zone can be a safe zone target for F wave upward movements.
For risk management, please don't forget stop loss and capital management
Comment if you have any questions
Thank You
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