On the HOT chart, we have 3 big ABC waves.
The time of wave A is about 416 days, the time of wave B is about 550 days.
It is expected that the time of C wave will last about 400-500 days.
It should be stated that HOT is very interested in triangle patterns.
Wave A was a contraction triangle.
Wave B was an expansion triangle.
Now wave C seems to have 3 waves. that wave a of C is an expansion triangle and we are now in wave b of C.
On the green range, it is observed that wave b of C will end and we will enter wave c of C.
The targets are clear on the chart.
Closing a daily candle below the invalidation level will violate the 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 time of wave A is about 416 days, the time of wave B is about 550 days.
It is expected that the time of C wave will last about 400-500 days.
It should be stated that HOT is very interested in triangle patterns.
Wave A was a contraction triangle.
Wave B was an expansion triangle.
Now wave C seems to have 3 waves. that wave a of C is an expansion triangle and we are now in wave b of C.
On the green range, it is observed that wave b of C will end and we will enter wave c of C.
The targets are clear on the chart.
Closing a daily candle below the invalidation level will violate the 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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