In the weekly timeframe, it is evident that mankind has successfully navigated through its first and second wave, and is now poised for the commencement of its third wave. Transitioning to the daily chart, we observe the initiation of this anticipated third wave, with the completion of its first sub-wave. Subsequently, the price retraced into the range of the first wave, suggesting the possibility of sub-waves within the third wave.
Presently, the first sub-wave of the third wave has concluded, setting the stage for the impending third wave. The intricate structure implies the development of sub-waves within the overarching third wave, leading to the formation of the third of the third wave. As we anticipate substantial upward momentum in the future, strategic entry points can be identified by patiently waiting for a confirmed price action breakout.
In the upcoming market movements, significant gap-ups in mankind can be anticipated. For tactical entries, it is advisable to await a decisive break in price action and position entries with stop-loss orders set at the low of the second sub-wave. Further updates on this analysis will be provided in due course.
Presently, the first sub-wave of the third wave has concluded, setting the stage for the impending third wave. The intricate structure implies the development of sub-waves within the overarching third wave, leading to the formation of the third of the third wave. As we anticipate substantial upward momentum in the future, strategic entry points can be identified by patiently waiting for a confirmed price action breakout.
In the upcoming market movements, significant gap-ups in mankind can be anticipated. For tactical entries, it is advisable to await a decisive break in price action and position entries with stop-loss orders set at the low of the second sub-wave. Further updates on this analysis will be provided in due course.
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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.