Technical Analysis:
Structure: Following the initial impulse (Wave A), the market executed a deep correction. By piercing the 0.618 level and rejecting the 0.786, the structure has likely shifted from a simple Zigzag to a Flat Correction.
Reaction: The 0.786 level acted as a strong resistance zone (Deep Crab / Butterfly limit), rejecting the bullish attempt.
Forecast: If this level holds, I anticipate the start of impulsive Wave C to the downside.
Trade Plan:
Confirmation: Waiting for a lower low or a break of local market structure on lower timeframes.
Target: Testing the Wave A low or lower.
Invalidation: A clean break above the swing high (1.0).
Is this the top of Wave B or just a Friday pause? Let me know your thoughts!
Structure: Following the initial impulse (Wave A), the market executed a deep correction. By piercing the 0.618 level and rejecting the 0.786, the structure has likely shifted from a simple Zigzag to a Flat Correction.
Reaction: The 0.786 level acted as a strong resistance zone (Deep Crab / Butterfly limit), rejecting the bullish attempt.
Forecast: If this level holds, I anticipate the start of impulsive Wave C to the downside.
Trade Plan:
Confirmation: Waiting for a lower low or a break of local market structure on lower timeframes.
Target: Testing the Wave A low or lower.
Invalidation: A clean break above the swing high (1.0).
Is this the top of Wave B or just a Friday pause? Let me know your thoughts!
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免責聲明
這些資訊和出版物並非旨在提供，也不構成TradingView提供或認可的任何形式的財務、投資、交易或其他類型的建議或推薦。請閱讀使用條款以了解更多資訊。