NMDC on the 1H timeframe is shaping up as a clean impulsive advance from the 72.2 lows. The structure from Wave (2) shows clear separation, strong momentum, and minimal overlap, all hallmarks of an impulse. The recent sharp push into 82.30 fits well as a completed Wave (3), with internal subdivisions aligning cleanly.
Post the Wave (3) high, price has started to ease — without aggressive selling pressure. This keeps the door open for a healthy Wave (4) correction, ideally unfolding as a sideways or shallow pullback. The 0.382–0.5 Fibonacci retracement zone (≈78.83–77.76) remains the ideal cooling area. As long as price holds above the Wave (1) high near 73.22, the impulsive structure stays valid.
RSI behavior supports this view — momentum peaked during Wave (3) and is now cooling, consistent with a corrective pause rather than a trend reversal. A controlled Wave (4) would set the stage for a final Wave (5) advance, potentially pushing into the mid-80s before a higher-degree pause.
Key Levels to Watch
Support zone: 78.83 – 77.76
Invalidation: Below 73.22
Upside continuation: Post Wave (4) resolution
Bottom line:
Patience over prediction. If Wave (4) remains corrective and contained, Wave (5) remains the higher-probability path.
Disclaimer: This analysis is for educational purposes only and does not constitute investment advice. Please do your own research (DYOR) before making any trading decisions.
Post the Wave (3) high, price has started to ease — without aggressive selling pressure. This keeps the door open for a healthy Wave (4) correction, ideally unfolding as a sideways or shallow pullback. The 0.382–0.5 Fibonacci retracement zone (≈78.83–77.76) remains the ideal cooling area. As long as price holds above the Wave (1) high near 73.22, the impulsive structure stays valid.
RSI behavior supports this view — momentum peaked during Wave (3) and is now cooling, consistent with a corrective pause rather than a trend reversal. A controlled Wave (4) would set the stage for a final Wave (5) advance, potentially pushing into the mid-80s before a higher-degree pause.
Key Levels to Watch
Support zone: 78.83 – 77.76
Invalidation: Below 73.22
Upside continuation: Post Wave (4) resolution
Bottom line:
Patience over prediction. If Wave (4) remains corrective and contained, Wave (5) remains the higher-probability path.
Disclaimer: This analysis is for educational purposes only and does not constitute investment advice. Please do your own research (DYOR) before making any trading decisions.
บันทึก
Price action is now compressing into a rising wedge on the 1H, suggesting Wave (5) may be maturing.
The prior Wave (4) retracement was shallow, but follow-through in Wave (5) is weakening, with RSI showing bearish divergence.
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WaveXplorer | Elliott Wave insights
📊 X profile: @veerappa89
📊 X profile: @veerappa89
คำจำกัดสิทธิ์ความรับผิดชอบ
ข้อมูลและบทความไม่ได้มีวัตถุประสงค์เพื่อก่อให้เกิดกิจกรรมทางการเงิน, การลงทุน, การซื้อขาย, ข้อเสนอแนะ หรือคำแนะนำประเภทอื่น ๆ ที่ให้หรือรับรองโดย TradingView อ่านเพิ่มเติมใน ข้อกำหนดการใช้งาน