TAO ANALYSIS (12H)
2024-09-17

It looks like a completed double correction which was our wave A and where we put the green arrow on the chart it looks like a bullish pattern has started on the chart.

The Boolean pattern appears to be a diametric. We are now in wave E of this diametric.

From the red range, the price can be rejected downwards.

Closing a daily candle above the invalidation level will violate this analysis and view.

For risk management, please don't forget stop loss and capital management
Comment if you have any questions
Thank You