SCR ANALYSIS (4H)

Feb 5

From the point where we marked "START" on the chart, it seems that SCR's correction has begun.

This correction appears to be either a diametric or a symmetrical pattern. Currently, the price seems to be completing wave F of this diametric structure.

It may get rejected downward again from the red zone.

A daily candle closing above the invalidation level would invalidate this analysis.

For risk management, please don't forget stop loss and capital management
Comment if you have any questions
Thank You

Mar 5

Trade closed: target reached

The price did indeed hunt the zone with a shadow, but the condition for analysis invalidation was the closing of a daily candle above the invalidation level, which did not happen, so this analysis remained valid.

From the red box, it has dropped more than 36% so far.