TFUELUSDT 3M: Wave W Dynamics & Profit Potentials
1Y frame:
We observe a sideways movement, indicative of a consolidating market. We've identified that waves A and B have completed, and currently, we are navigating through wave C.
6M Frame:
the current correction wave C will taking the form of a WXY pattern. We are presently in the middle of wave W
3M Frame
in this Idea we will go deeper to analysis the wave W:
failling point:
1M candle closing below the yearly support area, you can say below 0.031-0.030
We observe a sideways movement, indicative of a consolidating market. We've identified that waves A and B have completed, and currently, we are navigating through wave C.
6M Frame:
the current correction wave C will taking the form of a WXY pattern. We are presently in the middle of wave W
3M Frame
in this Idea we will go deeper to analysis the wave W:
- wave A is completed and it was in a running flat form.
- we are now in wave B which I expected to be a regulaer flat. the current candle form the second leg of this wave B and I expected beging of the next month we will go down to complete the third leg and targeting the yearly support area between 0.03333 and 0.03150, which will be our entry point.
- wave C will be an 5 impluse wave which will ened around 0.11500-0.11700 with 250% profit.
failling point:
1M candle closing below the yearly support area, you can say below 0.031-0.030