ATA analysis (4H)
From where we put the green arrow on the chart, it seems that ATA has formed a triangle.
Now, according to ATA, it intends to complete wave E of this triangle, after which we should see the price drop towards the TPs indicated on the chart.
Closing a daily candle above the invalidation level will violate this analysis.
For risk management, please don't forget stop loss and capital management
Comment if you have any questions
Thank You
Now, according to ATA, it intends to complete wave E of this triangle, after which we should see the price drop towards the TPs indicated on the chart.
Closing a daily candle above the invalidation level will violate this 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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