In the daily and weekly time, it has been moving in a medium-term ascending channel, which has encountered a corrective structure after meeting the daily resistance.
💎 According to the type of correction behavior and structure that can be seen in the daily chart, a three-wave correction has been done up to the specified area.
💎 In the first scenario, according to the correction structure, we should probably witness another correction wave, which can be flat until the green box area or until 61.8 fibo of this continuous correction.
💎 The second scenario: But if this modification touches the neck line or the Invalidation LVL area, the second scenario can replace it.
If the behavior and structure of the post changes, it will be updated.
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💎 According to the type of correction behavior and structure that can be seen in the daily chart, a three-wave correction has been done up to the specified area.
💎 In the first scenario, according to the correction structure, we should probably witness another correction wave, which can be flat until the green box area or until 61.8 fibo of this continuous correction.
💎 The second scenario: But if this modification touches the neck line or the Invalidation LVL area, the second scenario can replace it.
If the behavior and structure of the post changes, it will be updated.
»»»«««»»»«««»»»«««
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
According to the movement path up to the red box area, it has experienced approximately 17% growth so far, which is located around the neck line. . But be careful that the red box area will be a support area for it, in which case it should keep the box for the next target. Note
Considering that it touched the neck line, the green box can be considered as a support range for the second scenario. 
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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.