Based on the chart analysis, the asset has completed its five-wave structure, indicating a potential for upward movement. After the five waves, we can anticipate an ABC correction pattern forming. To capitalize on this, aim for the first target (TR) at 440 and the second target (TR) at 517, setting a stop loss (SL) at 285.
However, if AWL initiates another five-wave upward movement, the target could be significantly higher. Keep an eye on the market for further developments and adjust your strategy accordingly.
However, if AWL initiates another five-wave upward movement, the target could be significantly higher. Keep an eye on the market for further developments and adjust your strategy accordingly.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.