FIOUSDT has completed a full five-wave impulse sequence, followed by a corrective ABC structure, aligning with Elliott Wave principles.
The price is now approaching the base level of wave 5, a crucial zone that could dictate the next structural move. If this level holds, the market is expected to initiate a WXY corrective pattern, as outlined in the chart.
However, a failure to maintain support at this level could extend the corrective phase, leading to another test of the descending dynamic trendline, with the critical support zone acting as the ultimate downside target.
The price is now approaching the base level of wave 5, a crucial zone that could dictate the next structural move. If this level holds, the market is expected to initiate a WXY corrective pattern, as outlined in the chart.
However, a failure to maintain support at this level could extend the corrective phase, leading to another test of the descending dynamic trendline, with the critical support zone acting as the ultimate downside target.
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📢 Follow Only Official Links – Trade Smart, Stay Safe
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🔹 Forex Zone: t.me/+piiPgrNtrulkNDk0
📩 For Promotions, Advertisements & Partnerships: @WESLAD
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📩 For Promotions, Advertisements & Partnerships: @WESLAD
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.