PNUT ANALYSIS (4H)
Updated
It seems that the correction for PNUT has started from the point where we placed the red arrow on the chart.
This correction appears to be a complex pattern, such as a diametric or symmetrical formation.
Wave C is expected to complete within the green zone, after which the price will likely enter Wave D.
We are looking for buy/long positions within the green zone.
A daily candle closing below the invalidation level will invalidate this analysis.
For risk management, please don't forget stop loss and capital management
Comment if you have any questions
Thank You
This correction appears to be a complex pattern, such as a diametric or symmetrical formation.
Wave C is expected to complete within the green zone, after which the price will likely enter Wave D.
We are looking for buy/long positions within the green zone.
A daily candle closing below the invalidation level will invalidate this analysis.
For risk management, please don't forget stop loss and capital management
Comment if you have any questions
Thank You
Trade active
It is still valid. In this analysis, I have updated the SUPPLY and DEMAND zones.
Note
Since the publication of the analysis, it has dropped more than 34%. We will only look for buy/long opportunities in the green zone.
Note
Upon reaching the green zone, we pumped more than 26%.
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