1D time frame - WAVES is creating a rounding bottom structure, it takes 1.5 years to build this structure, so the structure integrity is high. Also, WAVES is on an upward trend and got support at 0.382 Fibonacci Reteacement; therefore, we can set a trading plan that reach 3 conditions to long. - TP: 5.1 / 6.2 SL: 2.313
The price is trading between daily support and weekly resistance. For past few days, it has built another narrow daily range between this daily support and weekly resistance. Currently the price is at low of this range and likely to aim for the range high at 2.162.
SNIPER STRATEGY (new version) It works ALMOST ON ANY CHART. It produces Weak, Medium and Strong signals based on consisting elements. NOT ALL TARGETS CAN BE ACHIEVED, let's make that clear. TARGETS OR ENTRY PRICES ARE STRONG SUPPORT AND RESISTANCE LEVELS SO THEY CAN ACT LIKE PIVOT POINTS AND REVERSE THE WAVE (or act like a mirror that can reflects light) BASED ON...