In our last analysis for MANA, we identified that we were in subwave 2 of wave 5. We are now at the extremes of the subwave 2 as we're touching the ascending trendline which we anticipate to be respected.
Our hard stops will remain below invalidation level but we can capitalise on a risk entry now.
For a safe entry, we can watch for the red trendline to break, which will still be relatively early in the move.
Trade Idea:
- For a risk entry, enter now with stops below the wedge OR safer stops below invalidation level
- For a safe entry, enter on break of red trendline
- Targets: 6, 15, 40
Goodluck and as always, trade safe!
Our hard stops will remain below invalidation level but we can capitalise on a risk entry now.
For a safe entry, we can watch for the red trendline to break, which will still be relatively early in the move.
Trade Idea:
- For a risk entry, enter now with stops below the wedge OR safer stops below invalidation level
- For a safe entry, enter on break of red trendline
- Targets: 6, 15, 40
Goodluck and as always, trade safe!
הערה:
MANA 2D Chart
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