Get started

Wavetheory

New Highs Ahead ? - BTCUSD Elliott Wave AnalysisHello Friends, Welcome to RK_Chaarts, Today we are having Elliott wave theory counts on BTCUSD Bitcoin Chart Analysis The weekly timeframe of the BTCUSD bitcoin chart reveals that we are unfolding Super Cycle Degree Wave (III) in Blue. This wave's sub-divisions, which should total five for a Cycle Degree, are visible. We've completed Waves I & II and begun unfolding Wave III in red. Within Wave III, we are unfolding the 1st wave ((1)) of one lower degree as Primary (Black). This wave will unfold in five sub-divisions of one more lower degree as Intermediate degree in (Blue). Daily Outlook: On the daily outlook, we are currently unfolding wave (4) of Intermediate degree (Blue), a subdivision of wave ((1)) of Primary degree (Black). As wave (4) nears completion, a reversal is expected soon, driving prices toward new highs to complete wave (5) of ((1)). Additional Support Confirmation: Further reinforcing the analysis, the Anchored VWAP's Average is also showing support near 104,000. This confluence of support levels increases the likelihood of a reversal, making it an important level to watch for traders. Key Takeaways: - We're unfolding Cycle Degree Wave III on the weekly timeframe. - Wave (4) of Intermediate degree is nearing completion on the daily outlook. - A reversal is expected soon, driving prices toward new highs. - Anchored VWAP also showing Support nearby current price. Important Wave Theory Considerations: As per wave theory, wave (4) shouldn't overlap wave (1), except in the case of diagonals and triangles. In this scenario, we are unfolding a diagonal, allowing wave (4) to enter into wave (1). However, it's crucial to note that wave (4) should not go beyond the low of wave (2) under any circumstances. If it does, our wave counts would be invalidated. A Word of Caution: Elliott Wave Theory and possible wave counts suggest that the price will make new highs on the chart soon. However, the market is inherently unpredictable and always ready to surprise. Therefore, it's essential to consider "what-if" scenarios in your trading journey. Are we ready for new highs ? As we navigate the complexities of the market, it's vital to remain adaptable and prepared for any eventuality. By acknowledging the potential for surprises and maintaining a flexible mindset, traders can better navigate the markets and make informed decisions. Conclusion: The BTCUSD bitcoin chart is poised for a reversal, driven by the completion of wave (4) and the subsequent unfolding of wave (5). While the analysis suggests new highs are on the horizon, it's essential to remain cautious and consider the unpredictability of the market. Are you prepared for the possibilities that lie ahead ? I am not Sebi registered analyst. My studies are for educational purpose only. Please Consult your financial advisor before trading or investing. I am not responsible for any kinds of your profits and your losses. Most investors treat trading as a hobby because they have a full-time job doing something else. However, If you treat trading like a business, it will pay you like a business. If you treat like a hobby, hobbies don't pay, they cost you...! Hope this post is helpful to community Thanks RK💕 Disclaimer and Risk Warning. The analysis and discussion provided on in.tradingview.com is intended for educational purposes only and should not be relied upon for trading decisions. RK_Chaarts is not an investment adviser and the information provided here should not be taken as professional investment advice. Before buying or selling any investments, securities, or precious metals, it is recommended that you conduct your own due diligence. RK_Chaarts does not share in your profits and will not take responsibility for any losses you may incur. So Please Consult your financial advisor before trading or investing.
BITSTAMP:BTCUSDLong
by RK_Chaarts
Hellena | EUR/USD (4H): LONG to the resistance area 1.18098.We are observing the development of a five-wave impulse in the medium-term wave “2”. The small wave “1” appears to be completing its movement, and I expect a correction in wave ‘2’ to the area of 1.15681, followed by a continuation of the upward movement in wave “3”. The minimum target for the movement is the resistance area of 1.18098. I do not rule out the fact that wave “1” is not yet complete, so there is a possibility of the upward movement continuing without correction. Manage your capital correctly and competently! Only enter trades based on reliable patterns!
Long
by Hellena_Trade
15
Hellena | Oil (4H): SHORT to support area of 60 (Wave "3").Wave “C” continues to develop in a five-wave movement. Right now, I think wave “1” has just ended and we will see a small correction to the 66,280 area (wave ‘2’), after which I expect wave “3” to develop, which should go further than the 60 support level, but this is a fairly strong psychological level at which it would be good to take profits. Manage your capital correctly and competently! Only enter trades based on reliable patterns!
PEPPERSTONE:SPOTCRUDEShort
by Hellena_Trade
7
Hellena | EUR/USD (4H): LONG to the resistance area 1.17578.Colleagues, the price has made a strong downward movement, which can only mean one thing: the correction is not complete. This means that the latest upward movement is wave “1” of medium order. Therefore, I now expect the correction to end in wave “2” at the 50% Fibonacci level and thean upward movement to continue to at least the resistance level of 1.17578. It is quite possible that after updating the level of 1.15570, the price will immediately begin an upward movement — this is a more risky option for entering a position. Manage your capital correctly and competently! Only enter trades based on reliable patterns!
Long
by Hellena_Trade
25
Hellena | Oil (4H): SHORT to support area of 61.937 (Fibo lvl).Hello, colleagues! Well, I think that the previous scenario is still relevant and the “ABC” correction is developing according to the scenario. At the moment, I see a five-wave structure in the downward wave “C”. I expect a small correction to the area of 67.287, then a continuation of the downward movement to the area between 61.8% and 100% of the levels of Fibonacci extension - the support area of 61.937. Manage your capital correctly and competently! Only enter trades based on reliable patterns!
PEPPERSTONE:SPOTCRUDEShort
by Hellena_Trade
16
AUDNZD Technical OutlookWhat I See! AUDNZD is showing a rising wedge formation after an extended move higher from the May swing low. Price is reacting around the 1.1000 psychological level, which overlaps with a daily Fair Value Gap (FVG) and a prior supply zone. From a structural perspective, a move toward the bullish daily FVG near 1.0850 is a possible short-term development. If this zone holds, the chart could continue to build toward the equal highs around 1.1181. Alternatively, invalidation of the 1.0850 daily FVG could open the door for a deeper decline, potentially completing the wedge pattern and drawing price toward lower demand areas. This chart is presented for educational discussion of market structure and technical patterns only. It is not a trade signal or financial advice. 💬 Got questions? You’re welcome to share your thoughts in the comments.
by Wave-Trader-Pro
Nifty 50's Elliott Wave Analysis & Price ProjectionHey, so let's take a look at this chart of the Nifty 50. where the market might be heading. Just a heads-up, this is all for learning, not for making actual financial decisions. Think of it more like a potential roadmap than a guaranteed outcome. From what I can see, the chart is laying out a classic five-wave pattern. * Wave 1: The first big push up was in the latter half of 2022 into early 2023. It was the start of the uptrend. * Wave 2: After that, the market pulled back a bit—a healthy correction, really—in the middle of 2023. It didn't drop below the starting point of the first wave, which is exactly what you'd expect. * Wave 3: This was the huge run-up that we saw from mid-2023 all the way into early 2024. That's typically the strongest and longest part of the move. The chart marks it with a "(b)" which suggests it's part of a bigger picture, but for now, we can see it as the big third wave. * Wave 4: Now, we're in the middle of a correction, a kind of zigzag, that started after that massive run-up. The chart shows it finding a bottom around mid-2025. It's like the market is taking a breather before the final push. * Wave 5: And this is where it gets interesting. The chart is forecasting the final leg up, starting from this mid-2025 low. It's suggesting we could see a big rally, with the Nifty potentially hitting targets around 28,000 and even above 30,000 by late 2026 or 2027. Basically, the chart is saying we've gone up, corrected, gone up big, and now we're in a smaller correction, getting ready for one last big move to the upside. Again, this is just one way of looking at the market. No one has a crystal ball, and a ton of other things—like news, company earnings, and what's happening around the world—could change this forecast completely. So, always do your own homework and talk to a pro before you invest your hard-earned money. This forecast report is for educational purposes only and should not be considered financial advice. Market analysis, especially projections based on technical indicators like Elliott Wave theory, is speculative and does not guarantee future results. Always conduct your own research and consult with a financial professional before making any investment decisions.
NSE:NIFTYLong
by naynabengohil
Hellena | Oil (4H): SHORT to support area of 65.944.Colleagues, I previously recommended moving trades to break-even, and for good reason. It is always necessary to hedge and reduce losses—this is part of professional work. (Breakeven=Risk Free: Move Stop loss to the entry level). The price has nevertheless shown a stronger correction, and I now believe that the medium-term “ABC” waves have not yet formed, nor has the large “Y” wave. This means that I expect the completion of wave “B” and then a continuation of the downward movement in wave “C.” I consider the support area of 65.944 to be the minimum target. Manage your capital correctly and competently! Only enter trades based on reliable patterns!
PEPPERSTONE:SPOTCRUDEShort
by Hellena_Trade
9
Let's learn & Apply Elliott Wave Rules on chart: BTCUSD BitcoinHello Friends, Welcome to RK_Chaarts, Friends, Today we are going to learn 3 Rules of the Elliott Wave theory, there are three principles and some patterns. Impulses move in a 1-2-3-4-5 pattern, either as an impulse or a motive wave. However, within impulses, there are three rules: Rule No 1: Wave 2 will never retrace more than 100% of Wave 1. Rule No 2: Wave 3 will never be the shortest among Waves 1, 3, and 5; it can be the largest, but never the smallest. Rule No 3: Wave 4 cannot overlap Wave 1, except in diagonals or triangles; in impulses, it cannot overlap. We've checked these three rules and marked them with separate tick marks on the chart with different colors, making them clearly visible. You can review the chart and verify these rules yourself, learning how wave principles are applied and checked. We've explained all this through a drawing on the chart, so we won't elaborate further here. Moving forward, let's analyze what the wave theory suggests about the current market trend. This entire analysis is shared for Educational purposes only. I hope you'll consider this educational post as a learning resource, Definitely, I encourage you to review the chart as an image or picture to better understand the concepts we've worked hard to explain. Our effort will be successful if you gain a deeper understanding and learn something new from this post. If you find this helpful and informative, our hard work will have paid off. Please keep this in mind as you review the material. Now let's explore how wave counts within wave counts, or lower degrees within higher degrees, unfold through complete wave theory patterns and following theory Rules all the times. Let's take a closer look at the Bitcoin chart we've analyzed using Elliott Waves. From this perspective, it's clear that the Intermediate Degree Wave (2) concluded around June 23rd. After this, we observe that the internal wave counts of the lower degree, specifically Wave 1-2-3 (in red) have completed their cycle of Minor degree. Furthermore, Red Wave 4 of same Minor degree has been moving sideways, characterized by a downward trend. Notably, the fall of Red Wave 4 is classified as a Minor Degree movement. Interestingly, this downward movement appears to have terminated in an even lower degree, namely the Minute Degree, which we've marked in black as ((w))-((x))-((y))-((xx))-((z)) that means Wave 4 of Minor degree (in Red) is complete. Given that Red Wave 4 Minor has reached its conclusion, it's highly plausible that Wave 5 has initiated. This development suggests that Bitcoin is poised to make a significant move. Moving on to the analysis, we observe that: - Rule 1: Wave 2 has not retraced more than 100% of Wave 1, so this rule is intact. - Rule 2: Wave 3 is not the shortest among Waves 1, 3, and 5, so this rule is also valid. - Rule 3: Wave 4 does not overlap Wave 1, so this rule is also satisfied. Bitcoin is all set to shake things up! We eagerly anticipate further rallies in the market. This post is shared purely for educational purpose & it’s Not a trading advice. I am not Sebi registered analyst. My studies are for educational purpose only. Please Consult your financial advisor before trading or investing. I am not responsible for any kinds of your profits and your losses. Most investors treat trading as a hobby because they have a full-time job doing something else. However, If you treat trading like a business, it will pay you like a business. If you treat like a hobby, hobbies don't pay, they cost you...! Hope this post is helpful to community Thanks RK💕 Disclaimer and Risk Warning. The analysis and discussion provided on in.tradingview.com is intended for educational purposes only and should not be relied upon for trading decisions. RK_Chaarts is not an investment adviser and the information provided here should not be taken as professional investment advice. Before buying or selling any investments, securities, or precious metals, it is recommended that you conduct your own due diligence. RK_Chaarts does not share in your profits and will not take responsibility for any losses you may incur. So Please Consult your financial advisor before trading or investing.
BITSTAMP:BTCUSDEducation
by RK_Chaarts
39
Hellena | GOLD (4H): LONG to area of 3370 (Wave 2).Colleagues, gold is once again disrupting our plans, and I have to revise the wave marking. It's not easy, but the most important thing is to keep doing it. Now I'm back to the previous marking — the price is in wave “2” correction. To complete this wave, the price needs to overcome the level of wave “W” of the middle order 3246.82. Then the correction will be completed and wave “3” will begin an upward movement. I see the minimum target in the area of the 3370 level. Manage your capital correctly and competently! Only enter trades based on reliable patterns!
FX:XAUUSDLong
by Hellena_Trade
22
Hellena | GOLD (4H): LONG to resistance area of 3440 (Wave V).As you can see, everything turned out to be more complicated than I had previously thought. We are dealing with a complex correction and a diagonal. I believe that the “ABCDE” waves, which make up the corrective wave “4”, are completing their levels, and I continue to expect the upward movement to continue. The first area I expect is the resistance area of 3440. This will be the beginning of the large upward wave “V.” Manage your capital correctly and competently! Only enter trades based on reliable patterns!
FX:XAUUSDLong
by Hellena_Trade
29
Hellena | Oil (4H): SHORT to support area of 63.000.Colleagues, I believe that wave “B” has formed at the level of 69.938, and now we expect the downward movement to continue with the aim of completing wave ‘C’ of the middle order and wave “2” of the higher order in the support area of 63,000. It is quite possible that the price could reach the 60,000 level, but I think that for now it is worth focusing on the nearest targets. Manage your capital correctly and competently! Only enter trades based on reliable patterns!
PEPPERSTONE:SPOTCRUDEShort
by Hellena_Trade
12
EUR/USD - Holding Bullish Structure Above Key Fibs and TrendlineTechnical Overview: EUR/USD continues to respect its ascending channel structure, currently rebounding from the lower trendline support while trading above the 50 EMA and 200 EMA. After a healthy retracement to the monthly support (1.16128), the pair has shown strong buying interest, supported by bullish RSI divergence from oversold conditions on the 8H chart. Key Levels: Support Zone: 1.1613 – 1.1634 (Fib Cluster + Channel Support + Monthly Support) Resistance Zone: 1.1755 (Weekly Resistance) followed by 1.1816 (0.27 Fib Extension) and 1.1887 (0.618 Extension) Invalidation Level: Below 1.1533 (1.272 Fib + Structural Breakdown) Confluences: Price broke above a descending correctional trendline, indicating a potential bullish continuation. Multiple Fibonacci levels (0.382, 0.5, 0.618) have stacked around the previous consolidation area, increasing probability of a sustained move. RSI bounce from below 40 suggests short-term momentum reversal. Trade Idea: We may see a minor pullback into the 1.16344–1.1659 area before a potential continuation higher. Conservative bulls may wait for a retest of this zone with a bullish engulfing or pin bar confirmation before entering long. Targets: First target at 1.1755 (prior weekly resistance) Second target at 1.1816 (Fib extension) Final target near 1.1887 (major resistance / upper channel boundary) Risk Management: A break and close below 1.1533 would invalidate the bullish setup and signal potential bearish pressure returning to the pair.
Long
by WrightWayInvestments
GBP/JPY 4H - Rejection from Supply Zone and Key Fib AreaOverview: GBP/JPY is trading near 197.91, and recent price action suggests a potential short opportunity. The pair has been rejected from a key Fibonacci resistance zone, and bearish momentum appears to be building beneath a fading ascending channel. Let’s break down why this chart leans more bearish. Market Structure Breakdown: * Price action failed to sustain new highs above 199.90 and is now forming lower highs, a potential early sign of trend exhaustion. * The recent bounce from 197.40 was muted and rejected near the 0.5 and 0.618 retracement levels, indicating strong supply around the 198.68–198.98 zone. Fibonacci Confluence: * The rejection occurred right at the 0.618 retracement of the prior downswing — a key Fibonacci level often used by institutional traders to re-enter in the direction of the trend. * Price is now hovering below the 0.382 (198.38) and 0.5 (198.68) levels, which may now act as resistance. * If the current rejection holds, downside targets are: * 0.0 (197.40) – recent low * -0.27 extension (196.70) – potential bearish continuation target * -0.618 extension (195.81) – extended downside objective Trendline & Channel Considerations: * The ascending channel is losing momentum. Moving Averages: * Price is now below the 50 EMA, and testing the 200 EMA, which is at risk of breaking. * A clear close below both EMAs would confirm bearish momentum. RSI & Momentum: * The RSI shows bearish divergence on recent highs and is struggling to break above the midline (50). * Momentum is tilting to the downside and failing to build higher on bounces. Key Zones: * Resistance Zone: 198.60–198.98 * Strong Fibonacci confluence + previous supply * Support Zone: 197.40 * Prior swing low and 0.0 Fib level * Bearish Continuation Zone: Below 197.30 * Breakout would confirm downside acceleration toward 196.70 and 195.80 Conclusion: GBP/JPY is showing signs of bearish pressure beneath key resistance. With the rejection from the 0.618 Fib level and weakening channel structure, the path of least resistance may be to the downside — especially if price breaks and holds below 197.40. A confirmed breakdown opens the door toward 196.70 and possibly 195.80, as bearish continuation unfolds. Overall we can even see price hitting past historical levels at 189.50
Short
by WrightWayInvestments
Hellena | GOLD (4H): LONG to resistance area of 3498 (Wave 3).The price continues to move in a bullish direction, and I believe that now is the time to pay attention to the medium-term wave “3.” It is actively developing, and I believe that the target should be set at the maximum area of the higher-order wave “3” — the resistance area of 3498. This is the nearest target, which carries significant weight. Overall, the upward five-wave movement is developing according to the old scenario. Manage your capital correctly and competently! Only enter trades based on reliable patterns!
FX:XAUUSDLong
by Hellena_Trade
17
GBP/USD — Potential Bullish Reversal Setup | Long Bias Above Sup🧠 Thesis: GBP/USD is showing early signs of a potential bullish reversal from a key confluence zone. While price has recently tested short-term descending channel, we’re currently testing a strong ascending trendline support and prior demand zone. This setup offers a favorable long-risk scenario — so long as price remains above 1.3335 (invalid level). 🔍 Technical Breakdown: Descending Channel: Price has been in a corrective downward channel since early July. This pullback appears orderly and corrective rather than impulsive. Support Zone: We are seeing strong reactions from the 1.3400–1.3440 area, which aligns with: Previous consolidation zone (mid-May). 200 EMA on the 4H. Long-term ascending trendline support (from April lows). Bullish RSI Divergence: RSI is testing oversold territory (~32) with potential for bullish divergence forming — a classic early signal for a bounce. EMA Cluster: 50 EMA has been breached but price is testing the 200 EMA as last-resort dynamic support. If held, this further adds to the bullish case. 🧭 Scenarios: ✅ Bullish Bias (Preferred) If price holds above the trendline support and breaks out of the descending channel, we could see a bullish impulse toward: 🎯 TP1: 1.3600 (prior structure) 🎯 TP2: 1.3770 (trendline extension & fib confluence) Confirmation trigger: Break and close above 1.3500 resistance (channel breakout). ❌ Invalidation: A decisive break below 1.3335 (marked in red) invalidates this idea and shifts bias back to bearish — potential deeper pullback toward 1.3200s. ⚠️ Risk Management: Entry zone: 1.3430–1.3450 (near support) Stop loss: Below 1.3335 Risk-reward: >2.5:1 on a successful breakout 📝 Conclusion: This is a classic trend-continuation play with clean structure and a logical invalidation point. The market is offering a textbook “buy-the-dip” scenario off strong multi-timeframe support. Patience is key — wait for confirmation before sizing in.
Long
by WrightWayInvestments
EUR/USD – Falling Wedge at Major Fibonacci Zone | Bullish ReversAfter a strong mid-June rally, EUR/USD has pulled back into a key fib cluster, showing early signs of reversal from a classic falling wedge pattern — often a precursor to bullish breakouts. Technical Breakdown: 📉 Descending Trendline 🔍 Fibonacci Confluence: Price is reacting from the 0.5-0.618 – 0.705 zone (1.16421-1.15969), aligning perfectly with historical demand and the golden zone of the fib retracement. Just below sits the 0.79 fib (1.15339), which also marks our invalidity level for this idea — a deep but powerful retracement if tested. 💡 RSI: While still below 50, it has created a hidden bullish divergence between July 12–17, hinting that momentum is flipping back to bulls. 🧠 Educational Insight: This setup combines Trendlines, Fibonacci retracement theory, and EMA dynamics to build a multi-layered trade thesis — the type of confluence we look for at Wright Way Investments. Price doesn’t just reverse because it hits a fib level. But when structure, EMAs, and RSI align — the odds increase significantly. 📈 Trade Setup (Idea-Based, Not Financial Advice): Long Entry Zone: Current area (1.159–1.161), with confirmation above 1.1626 Invalidation: Clean break & close below 1.15339 Target Zones: 🎯 TP1 – 1.1642 (50 fib & retest zone) 🎯 TP2 – 1.1686 (38.2 fib) 🎯 TP3 – 1.1755 (Weekly Resistance) 📌 Summary: EUR/USD is forming a textbook reversal setup, supported by fib precision and EMA alignment. Patience is key — but the ingredients are here for a strong bullish continuation.
Long
by WrightWayInvestments
Hellena | GOLD (4H): LONG to resistance area of 3397 (Wave 3).Dear colleagues, my previous forecast remains valid, but I have decided to update it. At the moment, I still think that wave “3” of the medium order continues its upward movement. At the moment, I think that the small correction in wave “2” is ending and we will see a continuation of the trend. I see the resistance area of 3397.94 as the target. The main thing is to overcome the local level of the small wave “1” at 3366.37. Manage your capital correctly and competently! Only enter trades based on reliable patterns!
FX:XAUUSDLong
by Hellena_Trade
62
Hellena | EUR/USD (4H): LONG to the resistance area 1.18280.The previous idea was aimed at updating the maximum of 1.18280, but the correction turned out to be too deep. Therefore, I am proposing a new idea. I believe that wave “3” has formed, and now we should see the completion of the correction in wave “4,” after which I expect to see an upward movement in wave “5.” My target is at least the high of wave “3” — the resistance area of 1.18280. As for the correction, I think it could reach the 1.15459 area, but I recommend working with pending orders. Manage your capital correctly and competently! Only enter trades based on reliable patterns!
Long
by Hellena_Trade
14
SHIBUSDT 4H Potential 10% Drop – Wave 4 Incoming? Hey traders, On the 4H timeframe, SHIBUSDT seems to be completing Wave III of a classic 5-wave impulse structure. We can clearly identify: - Wave I and II behind us - Wave III topped out recently with a strong push upward - Now expecting a Wave IV correction to unfold What supports this setup: - Wave II was an irregular correction (note how Wave B pushed above Wave A). - According to Elliott Wave alternation rules, if Wave II is complex/irregular, Wave IV is likely to be a simple ZigZag (ABC) correction. - Zigzags are typically sharp and quick, which fits the momentum of the current market structure. 🕵️‍♂️ What’s next? - The potential correction target lies in the marked rectangle zone (around -10% to -13% drop from the recent top). - On lower timeframes (like 7min or 10min), we’ll be watching for a support break to confirm the start of Wave IV. - If the support is broken with confirmation, that may offer an opportunity to enter a short position — as long as it fits within the personal risk parameters. 📌 Disclaimer: This is not financial advice. Trading is risky — always manage your risk, do your own research, confirm your setups, and never blindly follow others. Stay safe and smart. 🧠 Are you planning to catch this correction? Or waiting for the final Wave V? Let me know in the comments 👇
by TheWaveHunter
USD/JPY – Rising Wedge Meets Major ResistanceChart Overview: USD/JPY is printing a textbook rising wedge formation, typically a bearish pattern—especially when occurring at the top of a major move. What makes this setup compelling: Price is testing the upper wedge resistance near the 148.50–149.00 region, a historically reactive zone. There’s clear confluence with the 200 SMA, horizontal resistance, and wedge structure—all signaling potential exhaustion. 🔍 Key Technicals: Resistance Zone: 148.00–149.00 (Highlighted Supply Zone) Rejection Candle Pattern: Recent upper wick shows rejection and buyer fatigue Bearish Divergence on RSI (14): Price made higher highs, RSI printed lower highs — a classic warning signal 🧠 Educational Note: Rising Wedge Patterns A rising wedge is a bearish reversal pattern, especially potent when it forms after an extended rally. The structure narrows as buyers lose steam, leading to a likely breakdown once support is breached. Pro Tip: Always confirm a wedge breakdown with a close below support + volume spike or bearish engulfing. 🔄 Invalidation: This idea becomes invalid above 150.467, where the wedge breaks upward and price potentially enters a new bullish phase. Marked clearly as “Idea Invalid” on the chart. 🧠 Final Thoughts: This chart combines price action, pattern structure, RSI divergence, and SMA confluence — a high-probability scenario favored by elite traders. If you trade based on confirmation rather than prediction, this could be a setup to watch closely. 🗣 Drop your thoughts or questions below! 💬 Let’s learn and grow together.
Short
by WrightWayInvestments