CBAT wave analysis

٦ أغسطس ٢٠٢١

We have met our Macro wave one ending at our 5 minor wave 5 moving into correction wave 2 while creating a bullish abc wave pattern at the moment we are creating a sideways creation of a flat then a 5 wave correctional back down to the 0.5, 0.618 fib retracement and maybe a possible bullish truncation before wave 5 to then make another 5 wave macro back up creating the 3rd leg up making another AH but I've shown just set aside the targets for the abc wave pattern with Target #1 and Target #2 we also have daily bullish and 4hr bullish momentum with mfi pointing it wants to come into the green

As always happy trading : )