XEC ANALYSIS (1D)
Updated
XEC has been bullish for a few days now. Examining the waves, I realized that this symbol is inside a large symmetrical pattern located on the I branch. We are looking for sell/short positions in the red box
I specified the invalidation level, closing 1 daily candle above this level will violate the analysis.
To complete the large and time-consuming symmetrical branch I, we expect it to move from the red box to the two announced targets.
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
I specified the invalidation level, closing 1 daily candle above this level will violate the analysis.
To complete the large and time-consuming symmetrical branch I, we expect it to move from the red box to the two announced targets.
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
Note
It grew about 17% from the specified box. To open a sell/short position, look for a confirmation/trigger in the red box
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