Currently, we are dealing with the final part of the turquoise wave B and expect a high just below the resistance level at $254.30. Afterward, we anticipate a pullback that will bring the price down with the turquoise wave C into our magenta Target Zone (coordinates: $192.02 – $172.34), where the larger wave (2) is expected to complete. This Target Zone offers another opportunity for long positions, as the bullish trend should continue from there. We assign a 34% probability that the magenta wave alt.(2) has already completed, leading to a direct break above the $254.30 resistance without entering our Target Zone.
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📊 Daily market insights combining macro + Elliott Wave analysis
🚀 Spot trends early with momentum, sentiment & price structure
🌐 Join thousands trading smarter at hkcmglobal.com
🚀 Spot trends early with momentum, sentiment & price structure
🌐 Join thousands trading smarter at hkcmglobal.com
Clause de non-responsabilité
Les informations et publications ne sont pas destinées à être, et ne constituent pas, des conseils ou recommandations financiers, d'investissement, de trading ou autres fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.