Alikze »» YFI | Corrective C wave

26 thg 4

According to the previously presented analysis, after exiting the downward channel and pulling back to it, it grew by more than 55% to the specified range. After that, there was a three-wave correction up to the green box range. Currently, two behavioral scenarios can be considered to continue its path.
💎 First scenario: in case of the inability to penetrate and stabilize above 7660, it can continue the corrective movement until the origin of the movement of the OB range.
💎 Second scenario: If it penetrates and stabilizes above 7660, it can continue to grow up to the previous supply area and then it can have its own growth up to the previous ceiling.
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14 thg 6

Ghi chú

After retesting, it touched the range of 7660 according to the movement path of the first target.

28 thg 6

Ghi chú

It could not break the green box area and a rejection candle can be seen in the eight-hour time frame.