BOME UPDATE (4H)

This is an update to the analysis you see in the "Related Ideas" section.

Now we are in the green range of the previous analysis, but as it was said in the previous analysis, the BOME data was too small to review and the number of scenarios for this symbol was high.

Now that the chart has given us more data, it looks like we are in a bearish ABC, which is now in wave B of this ABC.

Wave B looks like a triangle, and now the price is completing wave E of this triangle. From the red range, we expect a drop towards the green range.

The target is marked on the chart.

Closing a daily candle below the invalidation level will violate the analysis