ATOM Ready for correctionAfter quite some uptrend and breaking out of a rising wedge then retesting the bottom trend line and creating a double top I assume it as a MTR and think ATOM is ready to go at least two legs 10 bars down!
NFA
Atomusdlongposition
ATOM M PATTERN FORMINGIn a monthly chart we already finished 1-5 Elliot wave, on a weekly ABC correction. going trough lower time frames we saw market starting to form M Pattern in 1h time frame. right now market started consolidating in a 50% fib and institutional zone and since we saw ABC correction we should see bounce to the top of M pattern and after that retrace back to the bottom.
Entry: We can enter now 30.63 or wait for a retracement to a buy zone at 30.
Invalidation: 29.5 (Just below buy zone)
Target 1: 33 (Top of M pattern, and a sell zone indicated by institutional candle)
