Chart can easily be determined in elliott waves.
You can see an impulsive wave which i declared as wave 1.
Afterwards it corrects with an wave 2 (abc-correction).
Now wave 3 started and already made the first and second wave.
I do now expect the start of wave 3 within the wave 3 which can be a very impulsive one.
There are 2 order blocks below our price now. -> demand zones
ENTRIES are shown on the graph.
I will place a buy limit order on the second entry with 1% risk.
SL is set according to elliott wave rules: Wave 2 cannot go beyond wave 1.
I determined TP at supply zone because it usually bounces of supply goes back to demand (will make another analysis if i´m right) and then break trough.
Let me know your view in the comments.
If you agree with my analysis please give me like.
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