MAVIA looks bearish
Updated
From the place where we put a red arrow on the chart, it seems that MAVIA's correction phase has started.
According to the time similarities, it seems to be a diametric correction.
We now seem to be in wave C of this diametric.
Each wave of this diametric is about 49-50 days. Wave C is also expected to be 49-50 days long and last until at least July 27.
Closing a daily candle above the invalidation level will violate the analysis.
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
According to the time similarities, it seems to be a diametric correction.
We now seem to be in wave C of this diametric.
Each wave of this diametric is about 49-50 days. Wave C is also expected to be 49-50 days long and last until at least July 27.
Closing a daily candle above the invalidation level will violate the analysis.
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
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It dropped more than 58%
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