UMA ANALYSIS (1D)
Updated
Now we have more data on the chart and the scenario seems clearer.
From the place where we entered "start" on the chart, the UMA correction has started.
This correction seems to be a large diametric that we are now in wave E of this diametric.
If the price reaches the green range, we will look for buy/long positions in this range and save the position with a reasonable profit.
Closing a daily candle below the invalidation level will violate this analysis.
For risk management, please don't forget stop loss and capital management
Comment if you have any questions
Thank You
From the place where we entered "start" on the chart, the UMA correction has started.
This correction seems to be a large diametric that we are now in wave E of this diametric.
If the price reaches the green range, we will look for buy/long positions in this range and save the position with a reasonable profit.
Closing a daily candle below the invalidation level will violate this analysis.
For risk management, please don't forget stop loss and capital management
Comment if you have any questions
Thank You
Trade active
After dropping and hitting the green box, it has pumped more than 28% so farTrade closed: target reached
By hitting the red box, it has dropped more than 21% so far
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