From the wave counter, it seems that SKL is completing a bearish triangle.
We have an untested resistance range, which is a good place to open sell/short positions.
We specified the targets on the chart. Closing two 4-hour candles above the invalidation level will violate the analysis
For risk management, please don't forget stop loss and capital management
When we reach the first target, save some profit and then change the stop to entry
Comment if you have any questions
Thank You
We have an untested resistance range, which is a good place to open sell/short positions.
We specified the targets on the chart. Closing two 4-hour candles above the invalidation level will violate the analysis
For risk management, please don't forget stop loss and capital management
When we reach the first target, save some profit and then change the stop to entry
Comment if you have any questions
Thank You
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