OXT Looks Bearish (4H)
It seems that from the point where we placed the red arrow on the chart, OXT has entered a complex correction. This correction appears to be either a Diametric or a Symmetric pattern.
From the red zone, it can drop towards the specified targets.
Currently, it seems to be in the early stages of wave E.
When the first target is reached, make sure to secure some profits and move the stop-loss to the entry point.
A daily candle closing above the invalidation level will invalidate this analysis and the bearish outlook.
For risk management, please don't forget stop loss and capital management
Comment if you have any questions
Thank You
From the red zone, it can drop towards the specified targets.
Currently, it seems to be in the early stages of wave E.
When the first target is reached, make sure to secure some profits and move the stop-loss to the entry point.
A daily candle closing above the invalidation level will invalidate this analysis and the bearish outlook.
For risk management, please don't forget stop loss and capital management
Comment if you have any questions
Thank You
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