UNFI is completing a bearish triangle
Updated
From where we put the red arrow on the chart, it seems that the UNFI correction has started, which is an ABC or more complicated pattern.
Wave A is over and now we are in wave B, which looks like a triangle pattern.
Now we seem to be in wave d of B.
From the lower red box, the price can move towards the green box.
In the green range, wave d of B can end and we can enter wave e of B.
We are looking for sell/short positions in the supply range.
Closing a daily candle above the invalidation 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
Wave A is over and now we are in wave B, which looks like a triangle pattern.
Now we seem to be in wave d of B.
From the lower red box, the price can move towards the green box.
In the green range, wave d of B can end and we can enter wave e of B.
We are looking for sell/short positions in the supply range.
Closing a daily candle above the invalidation 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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After hitting the red box, it dropped more than 29%
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