DDT is forming a clean Elliott Wave contracting triangle as a Wave 4 consolidation. As long as Wave E pulls back without breaking the Wave C low, the structure remains valid and a continuation breakout becomes the higher‑probability path.
The simple triangle thrust target is marked on the chart, while the broader range target will depend on where Wave E completes.
Key areas of interest for a potential Wave E low include:
A rally from current levels that sees the January candle break and close above the Wave D high, signalling early strength and a possible premature completion of Wave E.
A continued pullback toward the ~$8.46 region, ideally accompanied by declining volume and narrowing candle spreads, which would align with classic Wave E behaviour inside a contracting triangle.
If the structure holds, the next move should be the Wave 5 breakout.
The simple triangle thrust target is marked on the chart, while the broader range target will depend on where Wave E completes.
Key areas of interest for a potential Wave E low include:
A rally from current levels that sees the January candle break and close above the Wave D high, signalling early strength and a possible premature completion of Wave E.
A continued pullback toward the ~$8.46 region, ideally accompanied by declining volume and narrowing candle spreads, which would align with classic Wave E behaviour inside a contracting triangle.
If the structure holds, the next move should be the Wave 5 breakout.
Nota
Looks like the low is in and we got the break of wave D high. Operación activa
Tp1 hit. trail SL to protect those gains ~$12.26
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Exención de responsabilidad
La información y las publicaciones no constituyen, ni deben considerarse como, asesoramiento o recomendaciones financieras, de inversión, de trading u otro tipo, proporcionadas o respaldadas por TradingView. Obtenga más información en Condiciones de uso.