Alikze »» SKL | Wave 3 or rising C scenario - 1W

🔍 Technical analysis: Wave 3 or rising C scenario

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- It is moving in an upward channel in the weekly time frame.

- It is currently in the Support Zone with the formation of a higher floor.

-The previous corrective wave has completed a full cycle in the Support Zone.

💎 Considering that the previous correction wave corrected the previous wave by 0.23 fibo and a higher floor was formed, if the candlestick is confirmed in the weekly time frame, it can enter the broken structure first by breaking the trigger line and then pullback. Ascending phase.

💎Therefore, if there is no stabilization below the area, the scenario of wave 3 or rising C with the specified targets will be accessible.

⚠️ In addition, if the Support Zone or Fibo 0.23 of the previous wave is broken, the bullish scenario will be invalidated.⚠️
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