After a completed 5-wave impulse (likely Wave 1), followed by a corrective Wave 2, ATOM appears to be setting up for a potential Wave 3 to the upside based on Elliott Wave Theory.
This setup aligns with the idea of Wave 3 being typically the strongest and most extended move in the cycle.
📍Entry Zone: $3.90 – $4.30
🎯Take Profit (TP): $6.463
🛑Stop Loss (SL): $3.70
🌀Risk-Reward: Approx. 4:1
This setup aligns with the idea of Wave 3 being typically the strongest and most extended move in the cycle.
📍Entry Zone: $3.90 – $4.30
🎯Take Profit (TP): $6.463
🛑Stop Loss (SL): $3.70
🌀Risk-Reward: Approx. 4:1
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.