Long

Alikze »» KSM |Upward wave 5 scenario

Updated

According to the analysis of the previous post, both targets are touched with the support of $40. Again, after touching the bottom of the channel, there is a demand that will be able to break this supply area to the $59 range. But in the daily and weekly time, it is in the 5th rising wave, which will at least have the ability to reach the previous supply range or the previous major ceiling. After completing this cycle in the weekly time, if the $100 area is broken, its path will be paved to the $250 area to continue climbing.
🟩Sup:50
⛳️Tp 1:59
⛳️ Tp2 : 64
⛳️ Tp3 :81- 87
»»»«««»»»«««»»»«««
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.
Sincerely.❤️

Note

Supply area failure. Target available.

Note

After breaking the supply zone and with the support of the $50 zone, it touched the first target of $59.

Note

After touching the first target, KSM is currently in the demand zone and the bottom of the channel. As long as the area is not broken, it can face demand.

Note

If this post was useful for you, support it by liking and commenting.
I thank those who will support it in advance.

Note

After touching the target of $59, it faced correction. Therefore, the ascending wave 5 in the area has ended and entered a corrective phase, which we should wait for the completion of this movement cycle and then check the new cycle in the form of the next wave. Therefore, for the time being, the view is corrective until a new wave of upward motivation is formed.

Note

It has already penetrated above the supply zone, as long as it is above the zone, it will have the ability to retest the next supply zone and the $50 range.

Note

After defeating the area, he moved towards the target. According to the current momentum, it will be able to move towards the next target by breaking the $50 range.

Note

Considering that the price has faced a zigzag correction after a complete upward cycle, now this correction can react in cluster 1 or 2 areas. If the previous bottom is confirmed and not touched and the correction is completed, it can mark the next upward wave that needs to be updated. Therefore, we will wait for the completion of this modification in the specified areas.

Note

After a three-wave correction in the range of the first supported cluster, which can continue up to the range of $37.5 according to the bullish candle in the daily time of this moving wave. In addition, in case of a break, the modification area will continue to the next cluster.

Note

After correcting to the first cluster area and suffering in the green box range, the first range is now confirmed for a growth to fill the FVG gap and can touch the target. If the behavior and structure of the post changes, it will be updated.

alikze

Also on:

Related publications

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.