Presight AI has officially confirmed the start of Wave (5) after rebounding sharply from the Daily Demand Zone (3.20–3.39). The Daily Downtrend (DT) has been fully invalidated since May 9, 2025, when the stock broke out impulsively (Wave 1 initiation).
The chart now shows strong Wave 4 correction completion, and Wave 5 is projected toward 4.64–4.70 based on Fibonacci extensions.
Elliott Wave Count
Wave (1): Impulsive breakout from Daily DT in May 2025 — trend shift confirmation.
Wave (2): Controlled pullback with lower volume — corrective and healthy.
Wave (3): Parabolic rally with strong momentum and volume expansion.
Wave (4): Textbook correction inside the Demand Zone at 3.20–3.39, forming a bullish wedge that’s now broken to the upside.
Wave (5): Expansion wave currently underway, targeting 4.63–4.65 (Fib 1.618 extension from Wave 3).
🟩 Demand Zone (Support)
Primary Demand Zone: 3.20 – 3.39
Confluence: 0.382–0.5 Fibonacci retracement of Wave 3.
🟥 Resistance / Supply Zone (Targets)
Take Profit Zone: 4.63 – 4.65
Confluence: Fib 1.618 projection of Wave (3).
Secondary Target: 4.90 if momentum extends into overextension phase.
Trend & Market Structure
Daily Trend: Bullish (Higher highs & higher lows established).
Structure: Breakout above local swing high (4.10) would further confirm bullish continuation.
Trade Plan (LONG BIAS)
Entry: 3.59 (Current market price)
Stop Loss: 3.20 (below structure & demand)
Take Profit: 4.64
📊 Risk/Reward: 3.53R
💰 Risk Management: Risk max 1–3% of capital.
🛡️ Trade Management:
Move SL to break-even when price reaches 4.10 (Swing High).
Partial profit at 4.30 (minor structure), final exit near 4.64.
"The fourth wave is the trap; the fifth is the reward."
— Ralph Nelson Elliott
⚠️ Disclaimer
This analysis is for educational and technical reference purposes. Market conditions and sentiment can shift rapidly — always use strict risk management and avoid overexposure.
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By Dubai Traders Hub
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