📉 Elliott Wave Analysis – Bearish Wave 5 Setup in Progress 🔍
Watchlist: Short Opportunity at Completion of Wave 4
⸻
✅ Wave Count Overview
As illustrated in the chart, we have a clear impulsive Elliott Wave structure unfolding. Waves 1, 2, 3, and 4 have been successfully completed, as confirmed by the Awesome Oscillator (AO) displaying healthy wave divergence and convergence throughout the formation.
• Wave 3 extended beautifully, and now Wave 4 appears to have completed its corrective phase.
• AO shows classic convergence during this retracement, confirming weakening bullish momentum — a hallmark sign of Wave 4 development nearing exhaustion.
⸻
📌 Key Technical Levels:
• Wave 4 Top: Completed near the 1.618 Fibonacci extension, a textbook resistance zone for the end of a corrective wave.
• Critical Resistance / SNR Level: 3202.465 – This zone acts as a major resistance, aligning perfectly with prior structure and fib confluence.
• Important Rule: Wave 4 must not overlap with Wave 1 territory. So far, this rule remains respected. A break below this would invalidate the current count.
⸻
🎯 Wave 5 Trade Setup – Bearish Bias
Looking ahead, I’m anticipating the final leg down – Wave 5 – to unfold from this resistance region. This presents a potential shorting opportunity for high-probability traders.
• Wave 5 Target Zone:
🔻 1.618 - 1.88 Fibonacci extension from Wave 3
🔻 Expect strong bearish momentum to kick in as Wave 5 progresses
🔻 AO should shift strongly red again, confirming impulse resumption
⸻
💡 Summary & Trading Plan:
• ✅ Wave 4 looks completed based on Fibonacci confluence + AO convergence
• 🔥 Resistance at 3202.465 is the key level to watch
• 📉 Enter short once price confirms rejection and momentum shifts
• 🎯 Target zone: 1.618 - 1.88 fib extension below
• ❗ Risk: Setup invalidated if Wave 4 enters Wave 1’s price zone
👉 Let’s ride Wave 5 together! 🚀💥
#elliottwave #tradingviewanalysis #wavecount #shortsetup #technicalanalysis #priceaction #aoindicator #wave5incoming
Watchlist: Short Opportunity at Completion of Wave 4
⸻
✅ Wave Count Overview
As illustrated in the chart, we have a clear impulsive Elliott Wave structure unfolding. Waves 1, 2, 3, and 4 have been successfully completed, as confirmed by the Awesome Oscillator (AO) displaying healthy wave divergence and convergence throughout the formation.
• Wave 3 extended beautifully, and now Wave 4 appears to have completed its corrective phase.
• AO shows classic convergence during this retracement, confirming weakening bullish momentum — a hallmark sign of Wave 4 development nearing exhaustion.
⸻
📌 Key Technical Levels:
• Wave 4 Top: Completed near the 1.618 Fibonacci extension, a textbook resistance zone for the end of a corrective wave.
• Critical Resistance / SNR Level: 3202.465 – This zone acts as a major resistance, aligning perfectly with prior structure and fib confluence.
• Important Rule: Wave 4 must not overlap with Wave 1 territory. So far, this rule remains respected. A break below this would invalidate the current count.
⸻
🎯 Wave 5 Trade Setup – Bearish Bias
Looking ahead, I’m anticipating the final leg down – Wave 5 – to unfold from this resistance region. This presents a potential shorting opportunity for high-probability traders.
• Wave 5 Target Zone:
🔻 1.618 - 1.88 Fibonacci extension from Wave 3
🔻 Expect strong bearish momentum to kick in as Wave 5 progresses
🔻 AO should shift strongly red again, confirming impulse resumption
⸻
💡 Summary & Trading Plan:
• ✅ Wave 4 looks completed based on Fibonacci confluence + AO convergence
• 🔥 Resistance at 3202.465 is the key level to watch
• 📉 Enter short once price confirms rejection and momentum shifts
• 🎯 Target zone: 1.618 - 1.88 fib extension below
• ❗ Risk: Setup invalidated if Wave 4 enters Wave 1’s price zone
👉 Let’s ride Wave 5 together! 🚀💥
#elliottwave #tradingviewanalysis #wavecount #shortsetup #technicalanalysis #priceaction #aoindicator #wave5incoming
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Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.
Declinazione di responsabilità
Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.