$BNB LTF update:
The current BNB structure appears to be developing as a triple combination under the NEoWave framework.
Since the local lows, we can identify two zigzags, with each corrective phase separated by an X-wave, suggesting that the correction may be evolving into a more complex structure.
What makes the current setup particularly interesting is the potential breakout structure developing near the highs. This could be an early warning of a triangle formation, which may serve as the final component of the triple combination.
If this interpretation is correct, the completion of the triangle could mark the end of the entire triple combination and the transition into the next corrective phase, potentially opening the door to a larger downside move.
The current BNB structure appears to be developing as a triple combination under the NEoWave framework.
Since the local lows, we can identify two zigzags, with each corrective phase separated by an X-wave, suggesting that the correction may be evolving into a more complex structure.
What makes the current setup particularly interesting is the potential breakout structure developing near the highs. This could be an early warning of a triangle formation, which may serve as the final component of the triple combination.
If this interpretation is correct, the completion of the triangle could mark the end of the entire triple combination and the transition into the next corrective phase, potentially opening the door to a larger downside move.