Broken Trendline:
The ascending channel has been clearly broken (highlighted by the yellow trendline break).
This suggests the bullish momentum is exhausted, and we might be entering a bearish phase.
Elliott Wave Pattern (1–5):
You’ve correctly labeled an impulse wave down with five potential legs.
Current price is possibly in Wave 4 retracement, and Wave 5 is expected to move downwards.
Fibonacci Retracement Zone:
Price is retracing into the 61.8%–78.6% zone (typical area for Wave 4 retracement).
Rejection here is a prime area to look for sell confirmations.
Liquidity Zones:
The yellow highlighted box shows a liquidity sweep / possible order block area.
This region may serve as a trap zone before dropping — ideal area to watch for bearish confirmation.
Confluence Factors:
Shooting Star candles at highs (sign of exhaustion).
Market structure has shifted — Breaks of Structure (BOS) and Change of Character (CHoCH) support bearish bias.
Price rejected the weak high (labeled on chart), which also confirms sellers stepped in.
Good Luck 🎯
The ascending channel has been clearly broken (highlighted by the yellow trendline break).
This suggests the bullish momentum is exhausted, and we might be entering a bearish phase.
Elliott Wave Pattern (1–5):
You’ve correctly labeled an impulse wave down with five potential legs.
Current price is possibly in Wave 4 retracement, and Wave 5 is expected to move downwards.
Fibonacci Retracement Zone:
Price is retracing into the 61.8%–78.6% zone (typical area for Wave 4 retracement).
Rejection here is a prime area to look for sell confirmations.
Liquidity Zones:
The yellow highlighted box shows a liquidity sweep / possible order block area.
This region may serve as a trap zone before dropping — ideal area to watch for bearish confirmation.
Confluence Factors:
Shooting Star candles at highs (sign of exhaustion).
Market structure has shifted — Breaks of Structure (BOS) and Change of Character (CHoCH) support bearish bias.
Price rejected the weak high (labeled on chart), which also confirms sellers stepped in.
Good Luck 🎯
Сделка закрыта: достигнута тейк-профит цена
Hit TP 
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Информация и публикации не предназначены для предоставления и не являются финансовыми, инвестиционными, торговыми или другими видами советов или рекомендаций, предоставленных или одобренных TradingView. Подробнее читайте в Условиях использования.
Отказ от ответственности
Информация и публикации не предназначены для предоставления и не являются финансовыми, инвестиционными, торговыми или другими видами советов или рекомендаций, предоставленных или одобренных TradingView. Подробнее читайте в Условиях использования.