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#ONDO The N-shaped structure of the market appeared later. At that time, the place had not broken the new high, which meant that the possibility of judging it as an M top appeared.
Later, a new N-shaped structure appeared. To put it simply, the N-shaped structure is the first three waves of the wave theory. Some domestic A-share masters like to give some double-shot indicators some fancy names.
The N-shaped structure is based on the first three waves of the wave theory. There is indeed a possibility of continuing to rise by 2 waves in the future, which belongs to the right breakthrough method.
LIVESJ Crypto
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Extending yesterday's analysis of #ONDO , the result is indeed wrong, but the idea is worth referring to
First of all, there was an "N" structure on the market at that time, and the new market did not break the previous high. Someone in my community asked if it was possible to go in waves? I drew a wave structure comparison on the right, and it was obviously not
Why? Because the third wave did not reach a new high, and closed with an upper shadow line, which is why I judged that an M top might appear
Add the resonance of the waistline of Fibonacci and M top patterns and the second dead cross of MACD, and the convergence of multiple indicators in my system, and I really can't draw a conclusion to go long
Now we can see from the indicators that it has been invalidated. The line is moving randomly. If you say it is diverging, it is actually not diverging now....
First of all, there was an "N" structure on the market at that time, and the new market did not break the previous high. Someone in my community asked if it was possible to go in waves? I drew a wave structure comparison on the right, and it was obviously not
Why? Because the third wave did not reach a new high, and closed with an upper shadow line, which is why I judged that an M top might appear
Add the resonance of the waistline of Fibonacci and M top patterns and the second dead cross of MACD, and the convergence of multiple indicators in my system, and I really can't draw a conclusion to go long
Now we can see from the indicators that it has been invalidated. The line is moving randomly. If you say it is diverging, it is actually not diverging now....
Disclaimer: Includes thrid-party opinions. No financial advice. May include sponsored content. See T&Cs.
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