We are currently completing wave 4 — both in the subwave and sub-subwave count — and getting ready for the final impulsive wave 5.
According to Elliott Wave rules, wave 4 cannot overlap with wave 1, which also defines our stop-loss level. As long as this level holds, the bullish structure remains valid.
Wave 4 has retraced between the 0.382–0.5 Fibonacci zone, perfectly matching the expected correction depth. Since wave 2 was extended in time, we expect a shorter and faster wave 4, often characterized by a quick wick and rejection before continuation.
From the indicator side:
RSI, Stoch, and MACD are all oversold and starting to curl up on multiple timeframes — 15m, 45m, and 144m.
The B-leg of the correction was overbought, signaling exhaustion and confirming the upcoming C-leg completion.
With that, we are in position for the start of wave 5, which should complete the macro wave 3.
🎯 Trade Setup:
Entry: Current zone (0.382–0.5 retracement range)
Stop-loss: Below wave 1 invalidation level
Target: Extension of wave 5 from wave 3 to wave 4, We target the 2.618%
Summary:
Wave 4 is finishing, indicators align across timeframes, and all Elliott conditions are in place for a strong push into wave 5.
According to Elliott Wave rules, wave 4 cannot overlap with wave 1, which also defines our stop-loss level. As long as this level holds, the bullish structure remains valid.
Wave 4 has retraced between the 0.382–0.5 Fibonacci zone, perfectly matching the expected correction depth. Since wave 2 was extended in time, we expect a shorter and faster wave 4, often characterized by a quick wick and rejection before continuation.
From the indicator side:
RSI, Stoch, and MACD are all oversold and starting to curl up on multiple timeframes — 15m, 45m, and 144m.
The B-leg of the correction was overbought, signaling exhaustion and confirming the upcoming C-leg completion.
With that, we are in position for the start of wave 5, which should complete the macro wave 3.
🎯 Trade Setup:
Entry: Current zone (0.382–0.5 retracement range)
Stop-loss: Below wave 1 invalidation level
Target: Extension of wave 5 from wave 3 to wave 4, We target the 2.618%
Summary:
Wave 4 is finishing, indicators align across timeframes, and all Elliott conditions are in place for a strong push into wave 5.
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.