OCEAN trend is bearish
OCENAD has been trading in a range for some time.
Looking at the waves, what we have on the chart seems to be an uptrend in the form of a double wave (WXY) that has now ended.
The second part of the double wave appears to have been a symmetrical uptrend that has now ended.
The very important support range is the range that I marked with the green box.
I specified the invalidation level, closing a candle above this 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
Looking at the waves, what we have on the chart seems to be an uptrend in the form of a double wave (WXY) that has now ended.
The second part of the double wave appears to have been a symmetrical uptrend that has now ended.
The very important support range is the range that I marked with the green box.
I specified the invalidation level, closing a candle above this 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
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