APE Analysis | Lost in the Jungle or Making a Comeback? (1D)The larger-degree APE pattern appears to be a large symmetrical triangle, and we are currently in the G wave of this pattern. The G wave is bearish, and within the G wave, we can also observe a smaller-degree symmetrical triangle.
It seems we are nearing the final leg of this pattern, and we expect one more drop from the red box. If the price reaches the green zone, we may have a low-risk opportunity to enter a buy position.
Potential targets are marked on the chart.
A daily candle closing below the invalidation level would invalidate this outlook.
For risk management, please don't forget stop loss and capital management
When we reach the first target, save some profit and then change the stop to entry
Comment if you have any questions
Thank You
