GMX sell/short setup
From where we put the green arrow on the chart, it looks like a triangle is forming.
Now we seem to be at the end of wave d.
We are looking for sell/short positions in the red range. In this range, the e-wave and the whole triangle can be completed.
Closing a daily candle above the invalidation level will violate the analysis.
For risk management, please don't forget stop loss and capital management
Comment if you have any questions
Thank You
Now we seem to be at the end of wave d.
We are looking for sell/short positions in the red range. In this range, the e-wave and the whole triangle can be completed.
Closing a daily candle above the invalidation level will violate the analysis.
For risk management, please don't forget stop loss and capital management
Comment if you have any questions
Thank You
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