Alikze »» FTM | Wave 5 correction - 1H

🔍 Technical analysis: Wave 5 correction - 1H

- According to the analysis presented in the previous post, in the weekly time frame, the first target has been the neckline, which was the supply area.

- Currently, in the 1H time frame, after breaking the zone, a correction pattern is being formed.

- Wave 4 correction in the range of the green box has formed a continuing downward pattern.

- This corrective wave is in the form of wave 4 in an ascending channel, which by breaking it to the specified areas, this corrective cycle can be extended.

Therefore, this wave can meet the demand after touching the specified areas and form an upward corrective cycle, which should be reviewed and updated.

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FTMUSDT
anlık görüntü
Not
It has had a three-wave correction in the 4H time frame. Due to the overlap with the first wave, this return in the green box range can grow in the form of a three-wave after the pullback to the structure, up to the red box range.
anlık görüntü
Not
According to the latest update, wave C was able to grow after the pullback to the middle of the channel, up to the red box. anlık görüntü
alikzecryptomarketElliott WaveFibonacci RetracementFTMParallel Channelsignalssignalservicesignalsprovidersupply_and_demandsupport_and_resistanceSupport and Resistance

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