It appears to be completing a larger pattern. The larger pattern is triangular or diametric.
It seems that we are in the middle of the big wave C (wave b of C).
By maintaining the red range, it can move towards the green range.
Closing a daily candle above the invalidation level will violate the analysis
For risk management, please don't forget stop loss and...
We don't have any data on the chart, but it seems that we have two big waves A and B on the chart.
Wave A has ended and wave B has started at the place where we inserted start on the chart.
Wave B looks like a diametric we are now in wave E of.
If pullback hits the green range, we will look for buy/long positions
Closing a daily candle below the invalidation...
