From where I wrote "START" on the chart, the BCH symbol has entered the corrective phase.
Examining the waves, we seem to be inside an ABC.
Wave A has formed and we are now in Wave B. Our B wave has become a diametric, the last wave of which is only g left.
It is expected that wave G from B will end in the red supply box or a little higher, and we will enter wave C of a big drop and go down to the lower green box on which I wrote TP.
I specified the invalidation level, that closing a daily candle above this 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
Examining the waves, we seem to be inside an ABC.
Wave A has formed and we are now in Wave B. Our B wave has become a diametric, the last wave of which is only g left.
It is expected that wave G from B will end in the red supply box or a little higher, and we will enter wave C of a big drop and go down to the lower green box on which I wrote TP.
I specified the invalidation level, that closing a daily candle above this 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
Trade active:
still valid
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In the new analysis image (update), I updated the resistance zone
We need confirmation and trigger for sell/short positions