PEOPLE update (1D)

17 мая

This is an update to the analysis you see in the "Related Ideas" section.

Before anything else, you should know that in the previous analysis, we warned that the momentum pump is high and we need confirmation to take a sell/short position. No bearish confirmation was issued and the new daily candle closed above our invalidation level
The previous analysis was violated.

Now, by checking the structure, it seems that we are in the first part of the big C wave.

The first part seems to be a diametric.

From the red range it can have a reversal down to complete the F wave

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