ロング

Alikze »» WIF | Ascending wave 5

🔍 Technical analysis: Ascending wave 5

- According to the analysis presented in the 12H time frame in the previous post, after not being able to break the supply zone, it followed a downward trend with a zigzag correction to the green box.

- But currently it is moving in a downward channel in the daily time frame, which after creating a demand in the green box range, has now faced a zigzag correction after an upward wave.

- Therefore, in the lower time frames, I expect a growth in the form of wave C to the ceiling of the channel after the break in the middle of the channel.

- According to the movement structure, this complicated zigzag corrective wave 4 seems to have ended.

- Therefore, if there is no stabilization under the green box area, we should see the channel failure.

💎 Also, corrective wave 4 should not overlap in the 0.53 cents area, in which case the bullish scenario will be invalidated.

»»»«««»»»«««»»»«««
Please support this idea with a LIKE and COMMENT if you find it useful and Click "Follow" on our profile if you'd like these trade ideas delivered straight to your email in the future.
Thanks for your continued support.
Best Regards,❤️
Alikze.
»»»«««»»»«««»»»«««

ノート

As long as it is above the range of the green box, it can touch the specified targets in the short term.

ノート

In the continuation of the movement path, by breaking the red box range, it has succeeded in breaking the previous ceiling in the 8H time frame. Currently, it can continue its growth up to the ceiling of the channel and in case of selling pressure with a pullback to a broken structure and the bottom of the channel, it can continue its growth up to the supply range.

ノート

Following a correction at the bottom of the ascending channel, it has touched the supply area with more than 70% growth, in line with the predicted trajectory.