This analysis serves as an update to the insights shared in the "Related Publications" section. It's essential to note that this setup is not recommended for sell/short positions. Entering a sell position after a strong trend requires specific confirmations, triggers, and advanced skills.
### Key Insights from the Latest Analysis
- **Wave e Breakthrough:** The price has successfully crossed the ceiling of wave e, as identified in the previous analysis.
- **Market Sentiment:** The sentiment surrounding NEIRO remains highly bullish, driving curiosity among traders about its future movements.
- **Data Limitations and Scenarios:** While there is limited data on the NEIRO chart, the scenario with the highest success rate appears to be the Diametric pattern.
- **Bullish Angle:** Given the bullish sentiment, the diametric angle is projected to tilt upwards from a horizontal stance.
### Entry Ranges and Target
- **Specified Entry Ranges:** Two entry ranges have been identified for potential trades.
- **Target Zone:** The target is marked within a red box on the chart.
### Risk Management
- **Invalidation Level:** Closing a daily candle below the specified invalidation level will invalidate this analysis.
- **Stop Loss and Capital Management:** Effective risk management is essential. Always ensure to set stop loss orders and practice sound capital management strategies.
Feel free to leave a comment if you have any questions. Thank you for your attention!
