CHZ looks bearish
Updated
Warning: Do not enter the position without trigger and confirmation and trading setup.
In the previous analysis, we explained that CHZ is located in a large diametric and only one G wave is located in this large diametric.
With the sharp correction that was done, it seems that this G wave correction is a 5-wave (triangular) or 7-wave (diametric) correction.
We have specified the drop targets ahead of us on the chart.
Closing a daily candle above the invalidation level will violate the analysis
For risk management, please don't forget stop loss and capital management
When we reach the first target, save some profit and then change the stop to entry
Comment if you have any questions
Thank You
In the previous analysis, we explained that CHZ is located in a large diametric and only one G wave is located in this large diametric.
With the sharp correction that was done, it seems that this G wave correction is a 5-wave (triangular) or 7-wave (diametric) correction.
We have specified the drop targets ahead of us on the chart.
Closing a daily candle above the invalidation level will violate the analysis
For risk management, please don't forget stop loss and capital management
When we reach the first target, save some profit and then change the stop to entry
Comment if you have any questions
Thank You
Trade active
After hitting the red box, it dropped 25% and TP 1 was hit
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