BNBUSDT | Wave Analysis | Double Correction | Potential Bulltrap
Updated
Double Combination Correction:
1. Flat with wave-A double B/C failure retraced < 0.382 of its small wave-a
2. Triangle breakout BB baseline correction but before the final correction formation completed with wave-e in triangle.
The BB baseline is broken with a potential wave-d false breakout - possible upcoming wave-e retesting the BB-line at the triangle support.
Action: Short Entry when crossed below MA20W
1. Flat with wave-A double B/C failure retraced < 0.382 of its small wave-a
2. Triangle breakout BB baseline correction but before the final correction formation completed with wave-e in triangle.
The BB baseline is broken with a potential wave-d false breakout - possible upcoming wave-e retesting the BB-line at the triangle support.
Action: Short Entry when crossed below MA20W
Trade closed: target reached
E-wave currently reached 0.618 of previous C-wave at the triangle support level - possible time to go long?
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