LISTA looks bearish
From the left side of the chart, where the red arrow is, it looks like an ABC or more complex pattern is forming.
Wave B looks like a diametric that has ended.
Now the price seems to have entered wave C. Wave C is bearish.
Also, on the chart, we have a resistance flip range that the price has faked out twice and then rejected downwards.
Consolidation below this flip range will provide further confirmation for the drop.
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
Wave B looks like a diametric that has ended.
Now the price seems to have entered wave C. Wave C is bearish.
Also, on the chart, we have a resistance flip range that the price has faked out twice and then rejected downwards.
Consolidation below this flip range will provide further confirmation for the drop.
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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