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Alikze »» Rose | Ascending corner pattern

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🔍 Technical analysis: Ascending corner pattern

- In the daily time frame, in an ascending channel, according to the predicted path, it has grown up to 1.618 fibo of the previous wave, a range of 0.17.

- In the last analysis presented in the 4H time frame in an ascending channel, after breaking the channel and exiting it and breaking the zone, it experienced a correction.

- In the daily time frame, it has had a complete upward cycle, and wave 3 has grown as much as 1.618 of the previous wave.

- At the moment, correction is done as much as 0.23 fibo of the whole structure.

- A corner pattern has been formed which can grow up to the supply area by breaking the 0.072 area.

🛑 The most important resistance: ~ 0.072

💎NOTE: In addition, if the 0.23 area breaks and stabilizes below it, the bullish scenario will be invalidated.

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노트

According to the predicted movement path, after a short correction, it has touched the first target with more than 28% growth.
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