QNT will soon begin a new cycle after completing ABC down
After a 72% crash from Sept 2021, I think the Elliott wave ABC corrective phase has already completed.& a new 5 wave cycle may soon start after current accumulation box.(pink box).
QNT is trying very hard to close a daily candle above 187 for several days.
Aggressive entry is to wait for breakout above 187, then 197.
Conservative entry is to hope for a retracement to 172 w/c should offer a much better risk to reward ratio.
This is only my personal analysis & not financial advice.
Pls comment, like & follow.
QNT is trying very hard to close a daily candle above 187 for several days.
Aggressive entry is to wait for breakout above 187, then 197.
Conservative entry is to hope for a retracement to 172 w/c should offer a much better risk to reward ratio.
This is only my personal analysis & not financial advice.
Pls comment, like & follow.
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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.