Alikze »» FIL | Complementary scenario of correction wave 2
2024-07-06

🔍 Technical analysis:  Complementary scenario of wave 2 of super cycle  

- In the analysis presented in the previous post, after reaching the range of 6.25 in a short-term ascending channel, a bearish reversal candle was encountered.

- According to the structure of this correction in the form of a 5-wave zigzag, it can be a correction in the form of a 2-wave correction of the entire previous upward wave.

- Therefore, if this wave ends in the green box area and meets the demand, we should wait for a return cycle to the red box area (supply area).

- If this reversal can break the zone after a short correction in the form of wave 3 ascending super cycle and stabilize above the zone, we will have the scenario of wave 3 ascending super cycle, which further updates will be provided subsequently.

⚠️ In addition, if this amendment enters the range of invalid level, this scenario will be invalidated and should be reviewed and revised and the scenario of the second behavioral movement should be replaced. 

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