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Alikze »» ALICE | Pullback to broken structure

Updated

In the daily and weekly time, it has been moving in a descending channel, after the bottom formation in the 0.64 area, a motivational wave has started, which is now facing selling pressure in the supply area after the sub-swing break.
🔰 Therefore, this correction can be a pullback to the green box area, which can face demand in the green box area and continue the upward trend until the next supply area.
⚠️ In addition, if the green box area is broken, the correction can continue until the specified area, which will be a little difficult to continue the upward path.
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Note

Corrected according to the movement path with more than 42% drop to the support green box area. If the current bullish candle closes, a morning star candle will be recorded in weekly time as support, which can confirm the direction reversal.

Note

After the confirmation of the morning star candle in the weekly time frame in the green box range, it has met with demand, which is currently up more than 47%.

Note

According to the direction of movement, it has broken the supply zone and touched the first target and has experienced more than 133% growth so far.

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