The 5th wave of the current impulse structure is close to completion. Price action is showing exhaustion and the drop in volume is confirming that momentum is fading. At this stage, risk for longs is increasing and the probability of a corrective phase (A-B-C) is high.
Traders should keep an eye on bearish confirmation signals such as trendline breaks, bearish engulfing bars, or supply zone failures. A short setup could develop soon if price rejects with conviction.
Patience is key — Wave 5 can stretch, but once it’s done, downside pressure usually accelerates quickly. Manage risk carefully and adjust sizing according to your strategy.
Traders should keep an eye on bearish confirmation signals such as trendline breaks, bearish engulfing bars, or supply zone failures. A short setup could develop soon if price rejects with conviction.
Patience is key — Wave 5 can stretch, but once it’s done, downside pressure usually accelerates quickly. Manage risk carefully and adjust sizing according to your strategy.
💼 Professional market insights & charts:
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cakirinsights.com/
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
💼 Professional market insights & charts:
cakirinsights.com/
cakirinsights.com/
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.