What will happen to BAKE?
From the place where we placed the red arrow on the chart, it seems that the BAKE correction has occurred.
This correction looks like a diametric as we are now in wave E of this diametric.
In the green range, wave E is expected to end and then we enter wave F.
We are looking for buy/long positions in the green range.
Closing a daily candle below 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
This correction looks like a diametric as we are now in wave E of this diametric.
In the green range, wave E is expected to end and then we enter wave F.
We are looking for buy/long positions in the green range.
Closing a daily candle below 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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