VENUSPIPES : High R:R Opportunity Wave 5 Buying Setup – High R:R Opportunity
Technical Analysis:
Structure: Price has retraced deeply into a liquidity zone and completed Wave 5 extension , a high-probability reversal area.
Key Levels:
Buy Zone: ₹1,485-₹1,569
Stop Loss: ₹1,441 (Below the extended Wave 5 zone)
Target 1: ₹1,982-₹2,040
Target 2: ₹2,260
Educational Notes:
Wave 5 Reversal: After Wave 5 completion, a new impulsive structure typically forms, offering good R:R setups.
Liquidity Zones: These areas often mark points where institutional activity occurs, supporting trend reversals.
Disclaimer:
Analysis is for learning purposes and not financial advice. Always back-test and analyze before entering a trade.
