Current Structure
Strong impulsive rally completed into Wave (3) near 24,390–24,420
Current pullback is retesting the 0.5–0.618 Fibonacci retracement zone
Important retracement support marked:
0.5 = 24,012
0.618 = 24,102
Price is currently holding around 24,143, which is still inside the healthy pullback zone
This suggests Wave 4 is forming a controlled correction, not a reversal.
Bullish Scenario
As long as price holds above the invalidation zone, this setup strongly favors Wave 5 upside continuation.
Upside Targets
Projected targets from your chart:
24,390–24,417 → immediate resistance retest
24,768–24,786 → major Wave 5 target zone
24,900+ → extended bullish momentum zone
This is where smart money typically pushes after a Wave 4 correction.
Invalidation Level
The most important support is:
24,000–24,012
If price closes below this zone on 2H, the Wave 5 setup weakens.
A deeper correction may then test:
23,850
23,700
Trade Setup
Buy on dips: 24,100–24,150
SL: below 24,000
Targets: 24,420 / 24,780 / 24,900
Risk-reward here looks very strong if support holds 🎯
Strong impulsive rally completed into Wave (3) near 24,390–24,420
Current pullback is retesting the 0.5–0.618 Fibonacci retracement zone
Important retracement support marked:
0.5 = 24,012
0.618 = 24,102
Price is currently holding around 24,143, which is still inside the healthy pullback zone
This suggests Wave 4 is forming a controlled correction, not a reversal.
Bullish Scenario
As long as price holds above the invalidation zone, this setup strongly favors Wave 5 upside continuation.
Upside Targets
Projected targets from your chart:
24,390–24,417 → immediate resistance retest
24,768–24,786 → major Wave 5 target zone
24,900+ → extended bullish momentum zone
This is where smart money typically pushes after a Wave 4 correction.
Invalidation Level
The most important support is:
24,000–24,012
If price closes below this zone on 2H, the Wave 5 setup weakens.
A deeper correction may then test:
23,850
23,700
Trade Setup
Buy on dips: 24,100–24,150
SL: below 24,000
Targets: 24,420 / 24,780 / 24,900
Risk-reward here looks very strong if support holds 🎯
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.
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.