From the point where we placed a red arrow on the chart, it appears that GMX has entered a bearish diametric pattern.
It now seems that wave F is nearing completion.
The target is marked on the chart. it could be the green target box. If a daily candle closes above the upper red box, this analysis will be invalidated.
For risk management, please don't forget stop loss and capital management
Comment if you have any questions
Thank You
It now seems that wave F is nearing completion.
The target is marked on the chart. it could be the green target box. If a daily candle closes above the upper red box, this analysis will be invalidated.
For risk management, please don't forget stop loss and capital management
Comment if you have any questions
Thank You
Trade closed: target reached
Ultimately, it dropped more than 22% , forming wave G and reaching the green zone.
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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.
🔆To succeed in trading, just enter our Telegram channel:
Free membership: t.me/Behdark_EN
🔷Our Telegram channel has daily spot and futures signals 👉 t.me/Behdark_EN
💎 Exclusive signals are only shared on our Telegram channel
Free membership: t.me/Behdark_EN
🔷Our Telegram channel has daily spot and futures signals 👉 t.me/Behdark_EN
💎 Exclusive signals are only shared on our Telegram channel
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.