🛑$SFP is currently moving in a parallel channel 🤔 The 0.2616$ IMB has been filled by now. So will this be another dump?
🔸How are you all? Elliott brought an important update on SFP. So, you can see that SFP is continuing a down trend. This dump starts at exactly 0.2917$ price level. The reason for the drop is the bearish order block. Actually, there are two bearish OBs here. I have marked it in two colors. Here, the long wick that is made by the blue colour OB and the wick that is made by the red colour OB, which is a little below the level, is a parallel channel. This is really a big confirmation for the next movmemt of SFP. The market is moving towards the support line of this parallel channel with this downward trend. The second wave's FIB levels are currently moving in the 0.618 area. If this breaks here, the next pump will be $0.2506. So this next dump can be a gain of about -5%. Because a gain like this can have a big impact on a day trader. Good day everyone...
