As shown on the Elliott wave chart, we expect the Elliott Wave 4 to last until 10 pm Tehran time. After that, we expect the start of the Elliot 5 wave, which can continue until the price range of 8700
Entry :1710 ( trend line retest, .618 fib) SL : 1700 TP: 1.618/ 2.618/ 4.618 depending on which pivot is broken
Entry: .653xx SL: .65550 TP: Fibunacci 2.618>
*Target Impulse 1800 ˜˜˜˜˜˜˜˜˜˜ 2nd wave/corrective + needs to retrace to .618 - .786 + TD Sequencial is complete and a bit over extended, meaning it is due for a correction + Stochastic Divergence also indicates a need for correction + Resistance/Support, Strong resistance at 1750, Strong support at 1720 ˜˜˜˜˜˜˜˜˜ 3rd wave/impulse + Impulse to 1.618 or 2.618...
* Retracement to key support at .618 + if it holds and bounces great opportunity for longs - otherwise if it breaks a short opportunity arises * Market Sentiment is overall short Contrarian pov to long * Stochastics are oversold on 4hr but not so much on higher timeframes + expecting it to make one final impulse before any major correction.