Technical analysis by behdark about Symbol HMSTR on 4/2/2025

behdark

This analysis is an update of the analysis you see in the "Related publications" sectionIt now appears to be in the large wave F of a Diametric pattern. Currently, it seems to be in wave C of F, which is a bullish wave.We expect it to move from the green zone to the red zone and then get rejected downward.A daily candle close above the invalidation level will invalidate the bearish setup.For risk management, please don't forget stop loss and capital managementWhen we reach the first target, save some profit and then change the stop to entryComment if you have any questionsThank YouAfter hitting the green box, it pumped over 13% and reached the red box.⚠️ The market looks bullish, but until you get more confirmation and signals, do not enter a sell/short position.Eventually, this bearish move happened with some noise, and the price dropped without hitting the invalidation level.