COMP Update (2D)

This analysis is an update of the analysis you see in the "Related publications" section

First and foremost, pay attention to the timeframe. The 2-day timeframe is lengthy and requires patience.

It seems that COMP is currently within wave F of a large diametric pattern. Wave F is bearish.

The time correction of wave F still appears to be ongoing.

The green zone is a low-risk area for BUY positions. Considering the large entry zone and the timeframe, this position is more suitable for spot trading.

The closure of a daily candle below the invalidation level will invalidate this analysis.

For risk management, please don't forget stop loss and capital management
Comment if you have any questions
Thank You