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Technical analysis by Stoic-Trader about Symbol XEC on 4/6/2025

https://sahmeto.com/message/3391856
Stoic-Trader
Stoic-Trader
Rank: 26679
0.8
،Technical،Stoic-Trader

After the ABC correction shown in my previous analysis, we have a motive wave to the downside.I´m considering wave 1 to be an extended wave. Therefore, by EW parameters, we would have wave 3 shorter than 1, and wave 5 shorter than 3.Blue resistance is an probable target for wave 4.

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Signal Type: Neutral
Time Frame:
1 day
Price at Publish Time:
$0.000019039
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