XAUUSD -Strong Bullish Reaction After FOMC Strong Bullish Reaction After FOMC, Buy Retest Remains Priority
Gold is trading around $4,320 after a strong bullish reaction following the FOMC move. Price swept the weekly low near $4,219, then recovered sharply and reclaimed short-term structure.
From an SMC perspective, the market has already shown CHoCH and strong bullish displacement. The current pullback into $4,311–$4,320 is important because this area aligns with the FVG and retest liquidity zone. As long as gold holds above this zone, the bullish continuation scenario remains active.
The next upside liquidity sits around the week high at $4,383, followed by the trendline area near $4,421. If buyers continue to defend the retest zone, gold can extend toward the main OB sell zone at $4,466–$4,471.
Buy setup 1
Condition:
Gold holds the $4,311–$4,320 retest liquidity zone and prints bullish rejection with lower-timeframe MSS / CHOCH.
Entry: $4,311–$4,320
SL: below $4,290
TP1: $4,383
TP2: $4,421
TP3: $4,466–$4,471
Buy setup 2
Condition:
If gold breaks and holds above the week high at $4,383, wait for a retest before looking for continuation.
Entry: $4,380–$4,390 after breakout retest
SL: below $4,350
TP1: $4,421
TP2: $4,450
TP3: $4,466–$4,471
Sell setup
Condition:
Selling is not the priority right now. A sell setup is only valid if gold reaches the $4,466–$4,471 OB sell zone and shows clear rejection with bearish MSS / CHOCH.
Entry: $4,466–$4,471 after rejection
SL: above $4,490
TP1: $4,421
TP2: $4,383
TP3: $4,320
Key levels
Current price area: $4,320
Buy retest liquidity: $4,311–$4,320
Week low: $4,219
Week high: $4,383
Trendline target: $4,421
Main OB sell zone: $4,466–$4,471
Bullish invalidation: clean 1H close below $4,290
My current view is bullish after the FOMC reaction while gold holds above the $4,311–$4,320 retest zone. The best Prime Gold plan is to wait for price to confirm support at liquidity, then follow the next upside move toward the upper OB zone.
No confirmation, no trade.
Long
Long
Reading the Channel's Story This is a purely educational, non-forecasting breakdown of the structure on the monthly chart. No bias, no prediction, just explaining what's drawn and why it matters.
The Parallel Channel
The two parallel lines drawn across this monthly timeframe connect the major swing highs and swing lows, forming a parallel channel. This is a simple way to visualize the broader trend's "lane": price has been respecting both the upper and lower boundaries over time, bouncing between them. A parallel channel doesn't predict where price goes next, it simply maps the historical rhythm of highs and lows so the structure becomes easier to read at a glance. Traders use it as a visual reference for where price has previously found acceptance or rejection within the trend.
The Orange Zone : The Flip
The orange zone marks a classic supply-to-demand conversion. This area originally acted as resistance, price struggled to break above it multiple times. Once price broke out and closed above that zone with conviction, the old resistance flipped roles and became a support/demand area on retests. This "polarity flip" is one of the more well-known concepts in technical analysis: a level that previously capped price often becomes a floor once it's decisively broken, because the order flow and market participants' reference points shift.
The Red Line : Counter-Trend Marker
The small red line is simply there to flag a counter-move or counter-trend reaction within the larger structure, a reminder that price doesn't move in a straight line even within a clear channel. It's a visual note.
Disclaimer: This post is for educational purposes only and is not financial advice. It does not constitute a recommendation to buy, sell, or hold any asset. 
Long
MASON XAUUSD – Gold Holds Above Ichimoku After FOMCMASON XAUUSD – Gold Holds Above Ichimoku After FOMC, Buy Bias Still Favoured
XAUUSD is trading around 4,313 after the strong FOMC reaction. Price is still holding above the Ichimoku cloud and the rising trendline, so the short-term structure remains bullish.
The main plan is to prioritise buy setups on pullbacks, not chase price directly into resistance.
Technical View
After the FOMC volatility, gold created a strong reaction from the lower area near 4,219 and quickly recovered back above the cloud. This shows that buyers are still active after the news-driven move.
The rising trendline is still the key structure on the chart. Price has respected this trendline several times, and the latest recovery also started near this dynamic support. As long as gold remains above this line, the bullish structure is still valid.
Price Action is now moving around the liquidity area near 4,310–4,320. This is a short-term decision zone. If buyers continue to defend this area, gold can move back toward 4,344, then the weekly high at 4,382.
Ichimoku also supports the buy view. Price is trading above the cloud, while the cloud is acting as support below price. This means the market still has a bullish base unless price breaks back below the cloud and loses the trendline.
The 4,344 area may create a short-term reaction because it is near the marked selling zone. However, while the larger structure stays above the cloud, selling remains secondary.
Key Zones
Current price: 4,313
Liquidity zone: 4,310–4,320
Short-term resistance: 4,344
Main buy zone: 4,260–4,270
FOMC low: 4,219
Weekly high: 4,382
Upside target: 4,440–4,460
Invalidation: below 4,219
Trading Plan
Buy Priority: 4,260–4,270
Condition: wait for bullish rejection, higher low, or price holding above the trendline and Ichimoku cloud.
SL: below 4,219
TP1: 4,344
TP2: 4,382
TP3: 4,440–4,460
Alternative Scenario
If gold breaks and holds above 4,344, wait for a retest of this zone before looking for continuation toward 4,382 and higher.
Sell View
Sell is not the priority while price stays above the trendline and Ichimoku cloud. A short-term sell reaction may appear around 4,344, but it should be treated carefully unless price breaks below 4,260 and loses the cloud support.
Final View
Overall, gold remains bullish after FOMC as long as price stays above the Ichimoku cloud and the rising trendline. The cleaner setup is to wait for a pullback into 4,260–4,270, then watch for buy confirmation.
Do you think gold will retest the 4,268 buy zone first, or break above 4,344 directly?
Long 
Motilal Oswal: Record Revenue Meets Shrinking VolumeAs a major financial services and broking firm, Motilal Oswal often acts as a mirror for the broader stock market. When trading activity peaks and retail investors rush in, these businesses scale up rapidly. Let us break down what the latest data and long-term charts are telling us, without any hype or bias.
The Technical Chart: A Late-Stage Pause
On the long-term monthly chart, the stock is in a clear, multi-year upward trend. It is currently moving through what looks like a late-stage structural cycle.
Right now, the price is taking a breather in a wave 4 correction. This pause is normal after a large upward move. The price may continue to chop sideways for a while, potentially forming a triangle pattern before it attempts its next major move higher.
Volume and Momentum Check
A key detail on the chart is the trading volume. While the price has been pausing and pulling back, the volume has been steadily shrinking. This contraction is generally a healthy sign. It shows that the price drop is due to a lack of buyers during a rest period, rather than aggressive, large-scale selling by big institutions.
Additionally, the momentum index has cooled down from an overheated zone to a neutral level, giving the stock necessary breathing room.
The Invalidation Level: 513
When looking at this specific chart structure, there is one critical level to watch: 513 .
This level represents the absolute line in the sand for the current trend structure. As long as the price remains above 513 , the upward structural outlook remains valid. If the market drops below 513 , this specific wave structure is completely broken and invalid, meaning a much deeper or longer downward cycle is taking place.
The Fundamentals: High Growth with High Volatility
The business side shows a clear contrast between massive growth and short-term cost pressures.
Total revenue has been on a powerful, multi-year upward climb, reaching a record high of 94.16 billion in 2026. This shows the core business engine is running fast. However, cash flows in this sector are highly volatile. Free cash flow recovered well to 14.29 billion recently, completely reversing a steep drop from the previous year.
The main point of caution is the recent quarterly operating margin, which dipped into a negative 6.95 percent loss due to a sudden rise in short-term expenses. Because the stock trades at a premium valuation with a P/E ratio around 31, the market expects the company to fix these margin pressures quickly and keep growing.
What This Means for the Bigger Market
A strong performance from brokerage stocks is generally a good sign for the broader index like the Nifty, because it confirms that liquidity is high and retail traders are active.
However, because the chart shows a late-stage wave pattern, it serves as a reminder that the broader market cycle is maturing. It suggests a market environment where managing risk and watching key support levels is much more practical than blind optimism.
Disclaimer: This post is for educational purposes only and is not financial advice. I am not a SEBI-registered analyst. Please do your own research and manage your risk carefully. Cipla (2H): Corrective Channel and Critical Support LevelsCipla has been cooling off after a strong upward move. On the 2-hour chart, this pullback is contained within a well-defined downward parallel channel. Looking at the chart data objectively helps pinpoint where the key structural inflection levels sit.
The Primary Wave Count: A Controlled Pullback
The chart tracks a completed 5-wave upward structure that started from the structural low of 1,165.70 and peaked at 1,444.50 .
Wave 1 and Wave 2 formed the early base near 1,203.20 .
Wave 3 extended up to 1,379.50 with clear sub-waves.
Wave 4 retraced to 1,274.70 .
Wave 5 completed the whole cycle at 1,444.50 .
Since hitting that peak, the price action has trended lower in a choppy, overlapping manner. In Elliott Wave terms, this parallel channel frames a minor degree complex W-X-Y correction. Because the price remains strictly inside these parallel trendlines, the structure represents a corrective phase rather than an aggressive trend reversal.
Key Support Levels to Monitor
The final leg of this downward pattern, known as Wave Y , is moving toward a specific cluster of technical support. This area is marked by the green box on the chart:
1,315.60 : This is the 100% Fibonacci extension level, where the current downward leg equals the exact length of the first downward leg (Wave W = Y).
1,272.20 : This matches the 61.8% Fibonacci retracement level of the previous upward cycle.
If buyers step in to stabilize the price within this 1,272.20 – 1,315.60 zone, the correction may conclude. A clear breakout above the upper line of the descending channel would provide the initial signal that the primary uptrend is ready to resume.
The Structural Invalidation Level
Every technical setup requires a precise level where the idea no longer works. For this corrective layout, that line in the sand is 1,259.65 .
A decisive close below 1,259.65 completely invalidates the bullish outlook.
Falling below this point proves that the selling pressure has broken out of the corrective channel and is no longer a simple pullback.
The Alternative Count: Deeper Structural Retracement
If the market breaks past the invalidation mark, the alternative scenario takes over:
The drop from the peak turns into a new dominant downward trend rather than a correction.
In this bearish alternative case, the price would be expected to extend lower to test older primary support blocks located between 1,203.20 and 1,239.00 before a steady floor can form.
Disclaimer: This post is for educational purposes only and is not financial advice. I am not a SEBI-registered analyst. Please do your own research and manage your risk carefully. 
Long
Short
Long
EURUSD - EMA Value Zone Supports Bullish Continuation
Fundamental Analysis
EURUSD is trading in a constructive recovery structure as traders continue to watch USD momentum, Fed expectations, and upcoming macro data.
For now, the technical structure is improving as price holds above the EMA value zone. If USD momentum weakens, EURUSD may continue its recovery toward the next resistance and Fibonacci target zones.
Technical Analysis
On the 1H chart, EURUSD has shifted into a stronger recovery phase after forming higher lows from the lower structure. EMA 34, EMA 89, and EMA 200 have started to turn upward, showing that the short-term trend is improving.
Price is currently trading around 1.1603 and holding near the EMA value zone around 1.1598 - 1.1604. This area is important because it aligns with the upward trendline, EMA support, and the current bullish structure.
The key support to protect the bullish setup is around 1.1575 - 1.1586. If price holds above this area, buyers may continue to defend the trend.
The first upside target is strong resistance 1 around 1.1644. If price breaks above this level, EURUSD may extend toward strong resistance 2 around 1.1685, followed by the Fibonacci resistance target around 1.1696.
Important Key Levels
Current price area: 1.1603
EMA value buy zone: 1.1598 - 1.1604
Upward trendline support: 1.1586 - 1.1600
Invalidation area: below 1.1575
Strong resistance 1: 1.1644
Strong resistance 2: 1.1685
Fibonacci resistance target: 1.1696
Trading Scenario
Main Buy Scenario
Entry: 1.1598 - 1.1604
Stop Loss: 1.1575
Take Profit 1: 1.1644
Take Profit 2: 1.1685
Take Profit 3: 1.1696
Buy Condition
The preferred setup is to wait for EURUSD to hold the 1.1598 - 1.1604 EMA value zone. This area is important because it aligns with EMA support and the upward trendline structure.
A buy setup becomes more valid if price forms bullish rejection from this zone, such as a long lower wick, bullish engulfing candle, higher low formation, or a clean reclaim above 1.1604.
If price holds above the EMA zone and breaks 1.1644, the bullish continuation view becomes stronger. The next upside targets are 1.1685 and the Fibonacci resistance zone around 1.1696.
Alternative Sell Scenario
Entry: 1.1685 - 1.1696
Stop Loss: 1.1710
Take Profit 1: 1.1644
Take Profit 2: 1.1604
Take Profit 3: 1.1586
Sell Condition
This is not the main view. A sell setup should only be considered if EURUSD reaches the upper resistance zone and shows clear bearish rejection.
If price fails to break above 1.1685 - 1.1696, sellers may create a short-term pullback back toward the EMA value zone.
Entry Conditions
Wait for price to hold 1.1598 - 1.1604.
Look for bullish confirmation from the EMA value zone.
A break above 1.1644 confirms stronger upside momentum.
If price breaks below 1.1575, the buy setup is invalid.
Overall, the main view is bullish while EURUSD holds above the EMA value zone and upward trendline. The preferred plan is to wait for a clean reaction from 1.1598 - 1.1604, then look for continuation toward 1.1644, 1.1685, and the Fibonacci resistance target at 1.1696.
Do you share the same bullish view on EURUSD, or are you waiting for confirmation above 1.1644 first?
XAUUSD - Inverse Head & Shoulders Supports Bullish Continuation
Fundamental Analysis
Gold is trading in a constructive recovery structure as traders continue to watch USD movement, Treasury yields, and upcoming U.S. macro data. If USD momentum weakens or risk sentiment supports safe-haven demand, XAUUSD may continue to recover toward higher liquidity zones.
For now, the technical structure is improving as price holds above the EMA range and buyers continue to defend short-term support.
Technical Analysis
On the 1H chart, XAUUSD is trading above EMA 34, EMA 89, and EMA 200. The EMA structure has started to slope upward, showing that the medium-term trend is shifting in favour of buyers.
Price is currently consolidating around 4,327 after forming a clear recovery from the previous low near 4,050. The most important structure on the chart is the inverse head and shoulders pattern.
The left shoulder formed around the 4,250 area, the head was created near 4,050, and the right shoulder formed around 4,285 - 4,300. This pattern suggests that sellers are losing momentum, while buyers are building a stronger base above the EMA range.
The key buy zone is around 4,297 - 4,326. This area aligns with the EMA support range and the right-shoulder structure. If price holds this zone, the bullish continuation scenario remains valid.
The main confirmation level is 4,371. A break and hold above this resistance would confirm stronger buying pressure and may open the way toward the Fibonacci extension targets at 4,391 and 4,484.
Important Key Levels
Current price area: 4,327
EMA buy zone: 4,297 - 4,326
Right shoulder support: 4,285 - 4,307
Bullish confirmation level: 4,371
Fibonacci target 1: 4,391
Major liquidity target: 4,484
Invalidation area: below 4,285
Trading Scenario
Main Buy Scenario
Entry: 4,297 - 4,326
Stop Loss: 4,285
Take Profit 1: 4,371
Take Profit 2: 4,391
Take Profit 3: 4,484
Buy Condition
The preferred setup is to wait for gold to hold the 4,297 - 4,326 EMA buy zone. This area is important because it aligns with the right shoulder of the inverse head and shoulders pattern.
A buy setup becomes more valid if price forms bullish rejection from this zone, such as a long lower wick, bullish engulfing candle, higher low formation, or a clean reclaim above 4,326.
If price breaks and holds above 4,371, the bullish continuation view becomes stronger. The next upside targets are 4,391 and the major liquidity zone around 4,484.
Alternative Sell Scenario
Entry: 4,371 - 4,391
Stop Loss: 4,425
Take Profit 1: 4,326
Take Profit 2: 4,297
Take Profit 3: 4,285
Sell Condition
This is not the main view. A sell setup should only be considered if gold reaches the resistance zone and shows clear bearish rejection.
If price fails to break above 4,371 - 4,391, sellers may create a short-term pullback back toward the EMA buy zone before the market chooses the next direction.
Entry Conditions
Wait for price to hold 4,297 - 4,326.
Look for bullish confirmation from the EMA range.
A break above 4,371 confirms stronger upside momentum.
If price breaks below 4,285, the buy setup is invalid.
Overall, the main view is bullish while XAUUSD stays above the EMA structure and the right-shoulder support zone. The inverse head and shoulders pattern is supporting a potential continuation toward 4,371, 4,391, and possibly 4,484 if buyers maintain control.
Do you share the same bullish view on gold, or are you waiting for confirmation above 4,371 first?
Long 
Short
Short 
The Forex Gravity Theory: Why Price Is Attracted to Certain AreaMany traders believe price moves randomly.
A candle goes up. A candle goes out. A breakout happens. A reversal appears.
But when you look deeper, price often returns to specific areas again and again.
These areas act like a force of attraction.
Just like gravity pulls objects toward the ground, the market has its own "gravity zones" where price is naturally attracted.
Price does not move randomly. It searches for unfinished business.
What Are Gravity Zones?
Gravity zones are areas on the chart where significant market activity has happened.
These areas can contain:
Large institutional orders
Unfilled positions
Strong buying or selling pressure
Price imbalances
When large orders enter the market, they can move the price quickly.
But sometimes the market leaves behind unfinished activity.
That unfinished business becomes a magnet for future price movement.
Step 1: Large Orders Create Imbalance
Imagine a large institution wants to buy a huge amount of currency.
They cannot always enter their full position at one price.
Their orders create an imbalance where buyers overpower sellers.
Price moves away quickly.
To retail traders, it looks like a normal breakout.
But behind the move, there may still be unfilled orders waiting.
Step 2: Retail Traders Chase The Move
When the price starts moving strongly, retail traders notice it.
They enter because they fear missing the opportunity.
The cycle begins:
Price moves up
Traders buy after the move
Stops are placed below recent lows
More liquidity builds
However, many traders enter after the major move has already happened.
They are following the reaction, not understanding the reason behind it.
Step 3: The Market Returns To The Gravity Zone
Eventually, the price comes back.
Not because the market "knows" the level.
But because markets often revisit areas where trading activity was incomplete.
This return can:
Fill remaining orders
Remove weak positions
Create new liquidity
Balance previous price movement
The area that traders ignored becomes important again.
Step 4: The Liquidity Builds The Attraction
A major reason price returns to certain zones is liquidity.
Every trader places orders:
Stop losses
Limit orders
Breakout entries
These orders create pools of liquidity.
The market often moves toward areas where many orders are waiting.
This is why price sometimes moves toward levels that seem obvious.
The Retail Trader Mistake
Most traders focus only on where the price is going.
Professional traders also study where the price has already been.
Retail asks:
"Should I buy this breakout?"
Experienced traders ask:
"Why did Price leave this area so aggressively, and what remains unfinished?"
The difference is not in the prediction.
It is understanding market behavior.
How To Identify Gravity Zones
Look for areas with:
Strong impulsive moves
Large candles with little hesitation
Sudden reversals
Unfilled price gaps or imbalances
Previous institutional activity
These zones can act as potential reaction areas when prices return.
My Conclusion:
The market is not a random collection of candles.
Every strong move leaves a footprint.
Some footprints are forgotten by traders, but they remain visible through price action.
The biggest mistake is chasing where the price is moving.
The smarter approach is understanding where the price may be attracted next.
Price does not always move toward opportunity.
Sometimes it moves back toward unfinished business.
By @BrightRally_Research
Education
XAUUSD: Corrective Wave C ongoingGold is moving into a corrective phase after the previous strong upside expansion. From Kelly’s view, the current structure suggests that the market is now developing wave C, even though wave B spent a long time consolidating near the upper range.
The key idea is simple: as long as price stays below the short-term trendline and the 4,330–4,340 sell zone, selling pressure still has the cleaner structure.
⟡ Market structure
Gold pushed strongly higher from the lower base and completed a clear upside sequence near the 4,370 area. After that, price started to slow down and entered a sideways-to-corrective phase.
The chart shows that wave B held in consolidation for quite some time around the upper range, but buyers failed to create a strong continuation above resistance. This makes the current move more likely to develop as wave C lower.
The sell zone around 4,330–4,340 is important because price is trading below it and also below the short-term trendline. Until gold can reclaim this area with strength, the recovery remains vulnerable.
➤ Key levels
◌ 4,330–4,340: sell zone and wave C resistance
◌ 4,313: near-term structural support
◌ 4,296: resistance breakdown reference
◌ 4,238: 0.618 Fibonacci buy scalping zone
◌ 4,197: 0.5 Fibonacci liquidity zone
◌ 4,106–4,110: deeper support if wave C expands
⌁ Elliott Wave view
From an Elliott Wave perspective, the strong rally appears to have completed a short-term 5-wave bullish sequence. After that, the market began forming an A-B-C correction.
Wave A created the first pullback from the high.
Wave B developed as a long consolidation near resistance.
Wave C now appears to be starting while price stays below trendline pressure.
If this wave count is correct, gold may continue correcting towards the Fibonacci support zones. The first important reaction area is around 4,238. If selling pressure expands, 4,197 becomes the next liquidity zone to watch.
▸ Trading scenario
Preferred scenario: wait for price to stay below the trendline and reject from the 4,330–4,340 sell zone.
Sell zone: 4,330–4,340 if bearish confirmation appears
Stop loss: above the confirmed wave B high
Take profit 1: 4,296
Take profit 2: 4,238
Take profit 3: 4,197
Alternative scenario: if gold breaks above 4,340 and holds above the trendline with strong acceptance, the wave C sell setup weakens and the market may need a new bullish interpretation.
⌁ Kelly’s view
For Kelly, this is a corrective-wave structure after a strong rally. The market has not fully turned bearish on the larger view, but as long as price stays below the trendline, the short-term path favours sell reactions.
Wave B took time to build, but that does not make the structure bullish by itself. What matters now is whether wave C continues to respect resistance.
Gold is correcting after a strong rise.
Below the trendline, sell setups still have the cleaner structure.
Share your view below. Short 
MASON XAUUSD –Bullish Structure Still Holding Above Key Buy Zone
XAUUSD is trading around 4,330 and still holding a short-term bullish structure on H1.
Price remains above the rising trendline and Ichimoku cloud, showing that buyers are still defending the trend. The current movement is mainly sideways below the High Liquidity Zone, so a pullback may create a cleaner buy setup.
Technical View
Trendline: bullish structure still valid
Price Action: consolidation below resistance
Ichimoku: price above the cloud, buyers still have control
Key Zones
Current price: 4,330
Key Buy Zone: 4,295–4,310
High Liquidity Zone: 4,340–4,365
Resistance: 4,404 / 4,428
Main liquidity target: 4,475–4,490
Invalidation: below 4,285
Trading Plan
Buy Priority: 4,295–4,310
Condition: wait for bullish rejection, higher low, or strong recovery above 4,320.
SL: below 4,285
TP1: 4,340–4,365
TP2: 4,404
TP3: 4,428
Final target: 4,475–4,490
Alternative Scenario
If price breaks and holds above 4,365, wait for a retest before looking for continuation toward 4,404–4,428.
Sell View
Sell is not priority while price stays above the trendline. Only consider short-term sell if price breaks below 4,295 and loses the Ichimoku cloud.
Final View
Overall, gold remains bullish as long as 4,295–4,310 holds. A clean reaction from this zone may support the next move toward 4,365, then 4,404–4,428.
Will gold retest the Key Buy Zone first, or break above liquidity directly?
Long 
Long
NIFTY Intraday Trading Idea (17 June 2026) | Inverse H&S NSE:NIFTY | 15 min TF
Setup: Inverse Head & Shoulders + Trendline Breakout
Nifty has broken above the falling trendline and is holding above the neckline zone near 23,970.
Volume expansion supports the breakout.
Structure remains bullish as long as price stays above 23,950–23,970.
Trade Plan :
✅ Buy: 23,980 – 24,000
🛑 Stop Loss: 23,934
🎯 Target 1: 24,050
🎯 Target 2: 24,120
The inverse head & shoulders pattern suggests a continuation move toward 24,120. A sustained hold above the breakout zone can trigger short covering and fresh buying.
Invalidation: A 15-minute close below 23,950 may weaken the bullish setup and lead to a retest of lower support levels.
⚠️ This is a technical analysis idea for educational purposes only, not financial advice. Please do your own research before making any trading decision. Long 
Long 
Nifty Possible Movement - Exact structure to unfold on fridayNIFTY 50 | Elliott Wave Outlook (15M)
NIFTY appears to be unfolding a bullish Elliott Wave impulse structure after completing a corrective Wave (C) near major trendline support. The current price action suggests Waves 1 and 2 are complete, with Wave 3 potentially extending toward the upper channel resistance around 24,200.
A healthy Wave 4 pullback could retest the breakout zone near 23,800 before the final Wave 5 advance targets the 24,450–24,500 region. Price is also approaching a key descending channel resistance, making the next breakout attempt crucial for confirming further upside.
Key Levels
🔹 Wave 3 Target: 24,200
🔹 Wave 4 Support: 23,800
🔹 Wave 5 Target: 24,450–24,500
🔹 Invalidation: Sustained move below Wave 2 low
This is a probabilistic Elliott Wave roadmap and will require confirmation from price action and volume as the structure develops.
#NIFTY50 #ElliottWave #TradingView #NiftyAnalysis #TechnicalAnalysis #WaveTheory #PriceAction #IndianMarkets #SwingTrading #MarketStructure
