Description
⋅ First of all, note that NKN's movements are full of shadows and move slowly.
We have 3 big ABC waves on the chart. Wave A and B are over and now we are in the big C wave.
Wave C looks like a diamond diametric, and now the price is completing the bullish wave F of this diametric.
By keeping the green box, it can move towards the red box
Closing a daily candle below the invalidation level will violate the analysis
For risk management, please don't forget stop loss and capital management
Comment if you have any questions
Thank You