SONIC buy/long setup (4H)

In hourly timeframes, SONIC appears to be forming a diamond-shaped diametric pattern.

Each leg of this diametric lasts between 9 to 31 days, and each drop within the pattern ranges from 33% to 41%.

The E wave could potentially complete within the green zone, after which the F wave may move upward, resulting in a 30%–40% bounce.

Closing a daily candle below the invalidation level will invalidate this analysis.

For risk management, please don't forget stop loss and capital management
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