Following the completion of its previous cycle correction, Virtual Protocol confirmed a bullish reversal via a breakout from a falling wedge, initiating Impulse Wave (1) with an impressive ~4x move. Current price action signals the commencement of Wave (2) corrective structure, aligning with standard Elliott Wave Theory post-impulsive behavior.
The buy-back zone (highlighted on chart) represents the high-probability retracement region based on Fib confluence (0.5–0.618 retracement levels) and prior structural support.
Wave (3) and Wave (5) targets are projected using Fibonacci extensions and historical momentum analogs. Eyes remain on the buy-back zone for optimal re-entry.
The buy-back zone (highlighted on chart) represents the high-probability retracement region based on Fib confluence (0.5–0.618 retracement levels) and prior structural support.
Wave (3) and Wave (5) targets are projected using Fibonacci extensions and historical momentum analogs. Eyes remain on the buy-back zone for optimal re-entry.
Trade active
We should patiently wait for the buyback zone to get triggered
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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
💎 Premium details: t.me/wcsepayment
📩 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.