TCB: A Deep Dive into Value & Growth OpportunitiesLooking at the monthly chart, we can see that cup 1 broke out but failed to reach its target before retesting the support zone (colored blue at the bottom) and the broken bearish channel. Continuing this time, it is forming a cup 2 similar to cup 1 before that but is blocked by the resistance of the supply zone (colored blue at the top), so the possibility of ending this month is a hanging man candlestick pattern. In this case, there is a high probability of a correction to the support zone (colored blue in the middle) and the broken bearish channel. We will wait to accumulate around 27-35k. If it does not correct next month but continues to break through the old top and reach the 3rd peak of the Elliott wave, we will look for a buying point at the breakout top around 60k.
