The chart is forming a Contracting Ascending Triangle with converging trendlines. Within this structure, we have a completed Elliott Wave Regular Flat correction on the 4H timeframe labeled (A)-(B)-(C):
(A): Initial decline
(B): Sideways corrective bounce
(C): Final leg completing the flat pattern
Higher Timeframe Context:
Daily: Diagonal pattern in motive phase (65%)
Weekly: Expanding Flat corrective structure (50% correction)
Timeframe Bias:
Trend: Bullish on higher timeframe
Multi Timeframe Alignment: Partial
Current Scenario: Correction appears complete → Bearish trend resuming (counter-trend to HTF)
4H Confidence: 79%
The structure suggests we may see bearish continuation in the short to medium term as the corrective flat finishes inside the contracting triangle.
Key Levels:
Resistance: Upper triangle boundary + previous (C) high
Support: Lower triangle boundary + breakdown target
Invalidation: Strong breakout above the triangle resistance (would favor HTF bullish continuation)
My Rating: ⭐⭐⭐ (3/5)
Moderate setup. Partial multi-timeframe alignment and counter-trend nature to HTF require careful risk management.
Pure technical analysis only.
(A): Initial decline
(B): Sideways corrective bounce
(C): Final leg completing the flat pattern
Higher Timeframe Context:
Daily: Diagonal pattern in motive phase (65%)
Weekly: Expanding Flat corrective structure (50% correction)
Timeframe Bias:
Trend: Bullish on higher timeframe
Multi Timeframe Alignment: Partial
Current Scenario: Correction appears complete → Bearish trend resuming (counter-trend to HTF)
4H Confidence: 79%
The structure suggests we may see bearish continuation in the short to medium term as the corrective flat finishes inside the contracting triangle.
Key Levels:
Resistance: Upper triangle boundary + previous (C) high
Support: Lower triangle boundary + breakdown target
Invalidation: Strong breakout above the triangle resistance (would favor HTF bullish continuation)
My Rating: ⭐⭐⭐ (3/5)
Moderate setup. Partial multi-timeframe alignment and counter-trend nature to HTF require careful risk management.
Pure technical analysis only.
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免责声明
这些信息和出版物并非旨在提供，也不构成TradingView提供或认可的任何形式的财务、投资、交易或其他类型的建议或推荐。请阅读使用条款了解更多信息。