Booking has regained upward momentum, moving close to resistance at $5,809. We expect prices to break through this level to establish the corrective top of green wave [B], with potential upside extending to the higher $6,101 mark. However, if $6,101 is decisively surpassed, we will need to anticipate a new cycle high for blue wave alt.(I), which would once again postpone the expected sell-off phase (probability: 37%). Primarily, we expect the bearish green wave [C] to begin no later than at the $6,101 resistance – it should then provide sell-offs below support at $4,093.
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📊 Free daily market insights combining macro + Elliott Wave analysis
🚀 Spot trends early with momentum, sentiment & price structure
🌐 Join thousands trading smarter - full free analyses at dailymarketupdate.com
🚀 Spot trends early with momentum, sentiment & price structure
🌐 Join thousands trading smarter - full free analyses at dailymarketupdate.com
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.