LISTA looks bearish
From the left side of the chart, where the red arrow is, it looks like an ABC or more complex pattern is forming.
Wave B looks like a diametric that has ended.
Now the price seems to have entered wave C. Wave C is bearish.
Also, on the chart, we have a resistance flip range that the price has faked out twice and then rejected downwards.
Consolidation below this flip range will provide further confirmation for the drop.
Closing a daily candle above the invalidation level will violate the analysis
For risk management, please don't forget stop loss and capital management
Comment if you have any questions
Thank You
Wave B looks like a diametric that has ended.
Now the price seems to have entered wave C. Wave C is bearish.
Also, on the chart, we have a resistance flip range that the price has faked out twice and then rejected downwards.
Consolidation below this flip range will provide further confirmation for the drop.
Closing a daily candle above the invalidation level will violate the analysis
For risk management, please don't forget stop loss and capital management
Comment if you have any questions
Thank You
🔆To succeed in trading, just enter our Telegram channel:
Free membership: t.me/Behdark_EN
🔷Our Telegram channel has daily spot and futures signals 👉 t.me/Behdark_EN
Free membership: t.me/Behdark_EN
🔷Our Telegram channel has daily spot and futures signals 👉 t.me/Behdark_EN
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.