ATA analysis (4H)

٥ أكتوبر

From where we put the green arrow on the chart, it seems that ATA has formed a triangle.

Now, according to ATA, it intends to complete wave E of this triangle, after which we should see the price drop towards the TPs indicated on the chart.

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

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