First of all, pay attention to the time frame.
A strong support zone has formed on the chart (shown in green). Every time the price returns to this area, it will be rejected to the upside.
From where we placed the green arrow on the chart, the price has entered a bullish wave.
The previous correction was nearly 900 days. This bullish wave is also expected to have a period above 500 days.
After the completion of the previous correction, the price seems to have entered a diametric.
We now appear to be at the end of wave D of this bullish diametric.
Closing a daily candle above the invalidation 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
A strong support zone has formed on the chart (shown in green). Every time the price returns to this area, it will be rejected to the upside.
From where we placed the green arrow on the chart, the price has entered a bullish wave.
The previous correction was nearly 900 days. This bullish wave is also expected to have a period above 500 days.
After the completion of the previous correction, the price seems to have entered a diametric.
We now appear to be at the end of wave D of this bullish diametric.
Closing a daily candle above the invalidation 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
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