From the point where we placed the red arrow on the chart, the corrective phase in DUSK began. Since that level, price action has developed within a clear corrective structure, and based on the current wave count, it appears that wave D has now completed.
With wave D likely finished, the market may now be preparing to form wave E, which is typically the final leg of this corrective pattern and is expected to move to the downside. If this scenario plays out, wave E could present a bearish opportunity.
The preferred strategy is to look for short positions on pullbacks, rather than chasing price at lows. Any retracement into the highlighted red zone can be considered a potential entry area, provided that bearish confirmation appears on lower timeframes. This zone represents our planned sell area based on structure and resistance alignment.
The downside targets are clearly marked on the chart and align with key support levels and projected wave completion areas. These levels can be used for partial profit-taking or full position exits depending on your risk management plan.
Risk management remains essential. A daily candle close above the invalidation level will invalidate this analysis and suggest that the wave count is no longer valid. In that case, the bearish scenario should be reconsidered.
As always, wait for confirmation, manage risk carefully, and avoid overexposure
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This is not a trade setup, as it has no precise stop-loss, stop, or target. I do not publish my trade setups here