VENUSPIPES : High R:R Opportunity

Wave 5 Buying Setup – High R:R Opportunity

Technical Analysis:

Structure: Price has retraced deeply into a liquidity zone and completed Wave 5 extension, a high-probability reversal area.
Key Levels:

1. []Buy Zone: ₹1,485-₹1,569
   []Stop Loss: ₹1,441 (Below the extended Wave 5 zone)
   []Target 1: ₹1,982-₹2,040
   []Target 2: ₹2,260
   

Educational Notes:

Wave 5 Reversal: After Wave 5 completion, a new impulsive structure typically forms, offering good R:R setups.
Liquidity Zones: These areas often mark points where institutional activity occurs, supporting trend reversals.
Disclaimer:
Analysis is for learning purposes and not financial advice. Always back-test and analyze before entering a trade.