🌀 Wave Structure
Looking at the H1 chart during the Asian session today:
+ Price broke below the previous low at 3341, invalidating the idea that Friday’s rally marked the beginning of a new uptrend.
+ Instead, the rally appears to be forming a wave X in a larger WXY corrective structure.
+ Given the current complex corrective pattern, it’s challenging to precisely define the exact wave shape and targets.
🔻 Wave Y Structure:
+ The price action suggests the formation of a 5-wave decline, with the market currently in wave 4.
+ Wave 4 target zone: 3357 – 3363 → Sell zone.
+ After completing wave 4, we expect a continuation of the downtrend via wave 5, with a target around 3327 – 3324 → Buy zone.
+ Once wave 5 completes, we anticipate at least a corrective upward retracement, with targets at 3363 – 3376 (these are the TP levels for the buy trade).
⚡️ Momentum Analysis
+ D1 timeframe: Momentum is turning bullish, suggesting a potential rally lasting around 5–8 D1 candles after wave 5 finishes.
+ H4 timeframe: Momentum is declining and may enter oversold territory within 1–2 candles, supporting the completion of wave 5.
+ H1 timeframe: Momentum is rising and approaching overbought levels, indicating a likely end of wave 4 within 1–2 H1 candles.
📌 Trade Plan
🔹 SELL ZONE: 3363 – 3365
+ SL: 3373
+ TP1: 3342
+ TP2: 3330
🔹 BUY ZONE: 3327 – 3324
+ SL: 3317
+ TP1: 3342
+ TP2: 3363
+ TP3: 3376
+ Important Note:❗️
- If price reaches these zones with a Mazuboru candle (long-bodied candle with no wick) and fast volatility, do not enter immediately.
- Wait for the candle to close. If the zone breaks, keep an eye on the next support area around 3313 for potential reactions.
Zlecenie aktywne
Elliott Wave Update – XAUUSD H1 Chart🌀 Wave Structure
On the H1 timeframe, we can see a 5-wave triangle formation has completed, followed by a strong breakout above the upper boundary of the triangle.
This raises the possibility that wave Y of the corrective phase has been completed, and a new upward trend may be forming.
⚡ Momentum Confirmation
We will rely on momentum signals for confirmation:
If momentum drops into oversold territory and then reverses to the upside,
And price does not break below 3297,
👉 Then it is highly likely that the corrective phase has ended, and this week’s trend will be bullish.
📌 Trade Plan
🔹 BUY ZONE: 3304 – 3301
🔹 SL: 3293
🔹 TP1: 3324
🔹 TP2: 3363
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📢 Sometimes signals appear on TradingView with a slight delay!
🚀 Join our Telegram channel to get instant updates and real-time scalping signals:
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Informacje i publikacje nie stanowią i nie powinny być traktowane jako porady finansowe, inwestycyjne, tradingowe ani jakiekolwiek inne rekomendacje dostarczane lub zatwierdzone przez TradingView. Więcej informacji znajduje się w Warunkach użytkowania.