MORPHO Rebuy Setup (12H)

31 Mar

From the point where we placed the red arrow, it appears that the bullish MORPHO wave has ended, and the price has entered a corrective phase. This phase could be a diametric or symmetrical pattern.

Wave G is expected to complete within the green zone.

We anticipate a return of 30% to 50% from the green zone.

A daily candle closing below the invalidation level will invalidate this analysis.

For risk management, please don't forget stop loss and capital management
When we reach the first target, save some profit and then change the stop to entry
Comment if you have any questions
Thank You

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After touching the red zone, it dropped more than 23%