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Sfpanalysis

SFP looks super bearishFrom where we put the green arrow on the chart, it looks like SFP is completing a triangle. It seems that we are at the end of wave C and the structure of wave C was a double hybrid. It is expected to drop towards the green range for wave D. Closing a daily candle above the invalidation level will violate the analysis. invalidation level : 0.95 For risk management, please don't forget stop loss and capital management When we reach the first target, save some profit and then change the stop to entry Comment if you have any questions Thank You
Short
by behdark
Sfp detailed analysis Sfp will go down to Big Red trend line. (Reason : Sfp breakdowns the small red trendline.) If two 4hrs candle closed below the big red line then price will keep going downward. (Reason: Big triangle breakdown will happen) But if Sfp doesn’t break it then price will go upto small green line ( Reason: to complete inverse head n shoulder) If price breaks this head n shoulder, then price will go up to big green line. If price breaks it too then only up up up. ( Reason: Big triangle breakout)
Short
by shaiq_srtraders
1
SFP (1D) OUTLOOK - SURVIVOR!SFP (1D) is a survivor. After 12-Oct 2021 market shift, we saw price quickly pump to 3.1000 area. Wave analysis must play out after moves like this. SFP price may be heading for 88.6% FIBO level of that premium pump, after which there is bound to be another pump back to 3.1000 area. Updates will follow if structure changes, but i need a shift in market structure before i can confidently add more buy positions. Please LIKE, COMMENT and FOLLWO me to encourage more...🙏🙏🙏🙏🙏🙏
by Kingsley_lotanna
1