From the place where we placed the red arrow on the chart, it seems that the BAKE correction has occurred.
This correction looks like a diametric as we are now in wave E of this diametric.
In the green range, wave E is expected to end and then we enter wave F.
We are looking for buy/long positions in the green range.
Closing a daily candle below the invalidation level will violate this analysis
For risk management, please don't forget stop loss and capital management
Comment if you have any questions
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