Tiausdt appears to have completed a potential five-wave cycle and anticipates initiating a corrective phase in the form of an ABC pattern.
It seems the corrective phase A is concluded, positioning us for the development of corrective wave leg B. The significance of leg B lies in its interaction with a critical resistance zone. An upward breach could signal a bullish continuation, aligning with the target highlighted on the chart.
Personally, I've positioned a trade to capitalize on this anticipated corrective move.
Conversely, a failure to breach leg B may prompt a substantial decline to fulfill the corrective waves. The downward target aligns with a strong Order Block (OB) zone, speculated to initiate robust bullish momentum aimed at the same target.
Monitoring leg B's behavior will be pivotal for further market direction.
Do make sure to hit the likes and leave your comment if there is any.
Thanks
It seems the corrective phase A is concluded, positioning us for the development of corrective wave leg B. The significance of leg B lies in its interaction with a critical resistance zone. An upward breach could signal a bullish continuation, aligning with the target highlighted on the chart.
Personally, I've positioned a trade to capitalize on this anticipated corrective move.
Conversely, a failure to breach leg B may prompt a substantial decline to fulfill the corrective waves. The downward target aligns with a strong Order Block (OB) zone, speculated to initiate robust bullish momentum aimed at the same target.
Monitoring leg B's behavior will be pivotal for further market direction.
Do make sure to hit the likes and leave your comment if there is any.
Thanks
Trade active
Great analysis guys, price approaches strong supply/resistance zone. We should exercise patience to see what follow here. Booking some profit here is not bad. Enjoy!!!
Trade closed: target reached
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📢Follow the official links only! Trade smart, stay safe! 🎯
Telegram: t.me/+m0IACMn0ul03OTFk
Forex zone: t.me/+piiPgrNtrulkNDk0
💎 Premium details: t.me/wcsepayment
📩 Promotion/Partnership: t.me/WESLAD
Telegram: t.me/+m0IACMn0ul03OTFk
Forex zone: t.me/+piiPgrNtrulkNDk0
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📩 Promotion/Partnership: t.me/WESLAD
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.