Between January 2022 and March 2023, TANLA exhibited a sustained downtrend, followed by a notable upward correction. My analysis suggests the formation of an ABC pattern on the chart. The initial phase (A) featured a sharp upward movement, succeeded by a straightforward zigzag retracement (B), and it now appears poised for the concluding C wave.
Having completed the first wave, it retraced beyond the 0.618 Fibonacci level. Entering the market at this juncture with a stop-loss aligned to the B wave could position us favorably for the impending rally. The primary target is set at the third wave, projected to reach 1558, while the ultimate goal entails a 100% retracement of the A wave. This presents an opportune entry point with a carefully placed stop-loss, offering an appealing risk-reward ratio for potential gains.
Having completed the first wave, it retraced beyond the 0.618 Fibonacci level. Entering the market at this juncture with a stop-loss aligned to the B wave could position us favorably for the impending rally. The primary target is set at the third wave, projected to reach 1558, while the ultimate goal entails a 100% retracement of the A wave. This presents an opportune entry point with a carefully placed stop-loss, offering an appealing risk-reward ratio for potential gains.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.