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behdark
Sep 13, 2023 7:06 AM

SNX LOOKS BEARISH (12H TF) Short

SNX / TetherUSBinance

Description

From where I placed the red arrow, our diamatic seems to have started. We seem to be in wave e now. Wave e looks like a flat pattern. The red range is where we look for sell/short positions. I have specified the targets on the chart. When we reach the first target, save some profit and then change the stop to entry

I also specified the invalidation level, closing 1 daily candle above this level will violate the analysis
Comment if you have any questions
Thank You

Comment

Still Valid
Comments
asqarmohammadzadeh
tank you
MonoCoinSignal
The depth of your analysis is commendable, well done.
behdark
@MonoCoinSignal, Thank you
pejman_zwin
This is the greatest analysis post I’ve ever seen.👌
behdark
@pejman_zwin, Thanks
SpartaBTC
Locally, the formation of a “head and shoulders” pattern can be seen; there may be a price decline
behdark
@SpartaBTC, yes it is possible
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