My last short idea backfired spectacularly, so obviously I'm trying it again on a shorter timeframe. AI analysis follows:
Wave 3 complete
Wave 4 correction incoming (likely 52 → 51.6 range)
Wave 5 rally toward 56 afterward
What to Watch Before Entering Wave 4
Key confirmation signals:
If these happen → Wave 4 is underway.
Wave 3 complete
Wave 4 correction incoming (likely 52 → 51.6 range)
Wave 5 rally toward 56 afterward
What to Watch Before Entering Wave 4
Key confirmation signals:
- Break below 53.00
- RSI dropping under 60
- A bearish engulfing candle on 1h/4h
- Touch of the rising trendline near $52
If these happen → Wave 4 is underway.
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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.