HMSTR New Update (8H)

404
This analysis is an update of the analysis you see in the "Related publications" section

It now appears to be in the large wave F of a Diametric pattern. Currently, it seems to be in wave C of F, which is a bullish wave.

We expect it to move from the green zone to the red zone and then get rejected downward.

A daily candle close above the invalidation level will invalidate the bearish setup.

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

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.