Wave 5 Buying Setup – High R:R Opportunity
Technical Analysis:
Structure: Price has retraced deeply into a liquidity zone and completed Wave 5 extension, a high-probability reversal area.
Key Levels:
Educational Notes:
Wave 5 Reversal: After Wave 5 completion, a new impulsive structure typically forms, offering good R:R setups.
Liquidity Zones: These areas often mark points where institutional activity occurs, supporting trend reversals.
Disclaimer:
Analysis is for learning purposes and not financial advice. Always back-test and analyze before entering a trade.
Technical Analysis:
Structure: Price has retraced deeply into a liquidity zone and completed Wave 5 extension, a high-probability reversal area.
Key Levels:
- []Buy Zone: ₹1,485-₹1,569
[]Stop Loss: ₹1,441 (Below the extended Wave 5 zone)
[]Target 1: ₹1,982-₹2,040
[]Target 2: ₹2,260
Educational Notes:
Wave 5 Reversal: After Wave 5 completion, a new impulsive structure typically forms, offering good R:R setups.
Liquidity Zones: These areas often mark points where institutional activity occurs, supporting trend reversals.
Disclaimer:
Analysis is for learning purposes and not financial advice. Always back-test and analyze before entering a trade.
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.
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.