BIDU – Wave 3 Progress Update

Thesis
BIDU continues to advance within a developing Wave 3 structure after completing a multi-year corrective phase and confirming a major breakout.

Context
- Weekly timeframe
- Prolonged correction from 2021 into mid-2025
- Transition completed: downtrend → base → breakout

What I see
- BIDU stood out this week despite a weak and volatile broader market
- Higher high printed at the start of the week, followed by another +5% push today
- Breakout remains clean, with price holding above former channel resistance
- Acceptance above long-term trend support confirms impulsive behavior
- Structure remains consistent with an advancing Wave 3

What matters now
- Holding above the $155 breakout area is key
- A successful hold confirms Intermediate Wave 4 is complete
- That opens the path toward the Cycle Wave 3 objective

Buy / Accumulation zone
- Core accumulation completed earlier between $70–$90 (H1 2025)
- Additional buys executed at ~$118 ahead of the breakout
- Further adds taken post-breakout after support confirmed outside the channel
- Next opportunity comes only on a confirmed higher-degree pullback

Targets
- Cycle Wave 3 target: 1.618 Fib extension at $225 area
- Higher extensions remain possible if momentum persists

Execution note
- Patience through a 9-month base was rewarded with a +100% move
- Recent adds followed rules and structure — discipline is paying off