GUN New Update |Bearish (4H)This analysis is an update of the analysis you see in the "Related publications" section
We are still within the green zone from the previous analysis; however, due to the formation of supply bases and the current candlestick structure, the previous scenario is now invalid.
Based on the latest data, it appears we are in an ABC correction where wave B has formed a triangle. This presents an opportunity to enter a Sell/Short position.
A daily candle closing above the invalidation level will invalidate this analysis.
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
