🔗 
LINK – Elliott Wave Breakdown (4H Chart)
Current structure still fits a W–X–Y corrective decline, but we’re now approaching a critical trigger level. A clean punch through the blue trendline = buy signal. 🎯
🟦 What the structure shows:
🔻 Wave W complete:
• Clear a–b–c zigzag
• Strong reaction into the X connector
🔷 Wave X at the mid-channel zone:
• Acts as the next major upside target if we break out
• Provides structural symmetry between W and Y
🔻 Wave Y in progress:
• Again forming a–b–c
• C-leg looks terminal, aligning with channel support
📉 Price is compressing under the descending blue trendline (b-wave resistance of Y)
🚀 Trade trigger:
A decisive breakout above the blue trendline = start of the next impulsive leg
Upside target: the region around the prior X high
That zone is both:
• 🔹 Structural retracement
• 🔹 Upper channel magnet
• 🔹 Ideal first take-profit region
📌 Summary:
Break the blue line ➜ bullish confirmation ➜ target = X-level.
Still corrective, but the next impulse is close. ⚡
LINK – Elliott Wave Breakdown (4H Chart)Current structure still fits a W–X–Y corrective decline, but we’re now approaching a critical trigger level. A clean punch through the blue trendline = buy signal. 🎯
🟦 What the structure shows:
🔻 Wave W complete:
• Clear a–b–c zigzag
• Strong reaction into the X connector
🔷 Wave X at the mid-channel zone:
• Acts as the next major upside target if we break out
• Provides structural symmetry between W and Y
🔻 Wave Y in progress:
• Again forming a–b–c
• C-leg looks terminal, aligning with channel support
📉 Price is compressing under the descending blue trendline (b-wave resistance of Y)
🚀 Trade trigger:
A decisive breakout above the blue trendline = start of the next impulsive leg
Upside target: the region around the prior X high
That zone is both:
• 🔹 Structural retracement
• 🔹 Upper channel magnet
• 🔹 Ideal first take-profit region
📌 Summary:
Break the blue line ➜ bullish confirmation ➜ target = X-level.
Still corrective, but the next impulse is close. ⚡
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.
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.