CTSIUSDT has concluded a classic ABC correction pattern. This correction follows a previous uptrend. CTSI is expected to initiate a bullish impulsive wave sequence. This is characterized by five waves (numbered 1-5) that move in the direction of the prevailing trend.
Our approach is conservative, opting to capitalize on a potential retest of the lower boundary of the current mini triangle formation. This triangle serves as a consolidation pattern, which could precede the next leg up. A successful retest would offer a favorable risk-reward entry point.
The buyback zone, identified near the bottom of the mini triangle, is considered an optimal area for accumulation of CTSI.
Projected targets are outlined on the chart, reflecting the expected path and amplitude of subsequent waves within the impulsive phase. It is encouraged to apply stop loss, the stop-loss should be placed at a level that invalidates the bullish setup, such as below the lowest point of wave C or under the triangle pattern.
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Thank you
Our approach is conservative, opting to capitalize on a potential retest of the lower boundary of the current mini triangle formation. This triangle serves as a consolidation pattern, which could precede the next leg up. A successful retest would offer a favorable risk-reward entry point.
The buyback zone, identified near the bottom of the mini triangle, is considered an optimal area for accumulation of CTSI.
Projected targets are outlined on the chart, reflecting the expected path and amplitude of subsequent waves within the impulsive phase. It is encouraged to apply stop loss, the stop-loss should be placed at a level that invalidates the bullish setup, such as below the lowest point of wave C or under the triangle pattern.
Your feedback through comments and likes are encouraged.
Thank you
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