Alikze »» CKB | Corrective wave AB=CD pattern
🔍 Technical analysis: Corrective wave AB=CD pattern
- In the weekly time frame, after filling the FVG gap, it has faced demand.
- After filling the gap of FVG, this rising wave had a growth of more than 200%, which has again faced selling pressure in the supply area.
- Currently, according to the bearish guard, in case of inability and stabilization above the 0.012200 area, the corrective structure will extend to the PRZ-3 area.
💎 But if it encounters demand again in the first high potential area where there is a FVG gap, it can retest the supply area.
💎In addition, if there is a demand in the PRZ-2 area, it can be extended to the PRZ-3 area with the pullback to PRZ-1.
💎Therefore, one should wait for the demand and return wave in areas with high return potential.
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CKBUSDT
- In the weekly time frame, after filling the FVG gap, it has faced demand.
- After filling the gap of FVG, this rising wave had a growth of more than 200%, which has again faced selling pressure in the supply area.
- Currently, according to the bearish guard, in case of inability and stabilization above the 0.012200 area, the corrective structure will extend to the PRZ-3 area.
💎 But if it encounters demand again in the first high potential area where there is a FVG gap, it can retest the supply area.
💎In addition, if there is a demand in the PRZ-2 area, it can be extended to the PRZ-3 area with the pullback to PRZ-1.
💎Therefore, one should wait for the demand and return wave in areas with high return potential.
»»»«««»»»«««»»»«««
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.
»»»«««»»»«««»»»«««
CKBUSDT 
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