📊
________________________________________
🔍 Momentum Analysis:
• D1 Timeframe: Momentum has entered the oversold zone. This strongly suggests a potential bullish reversal today, which could lead to a rally or sideways movement lasting around 4–5 days.
• H4 Timeframe: Momentum is reversing upward. This indicates a likely bullish or sideways move in the short term, at least until momentum reaches the overbought zone (estimated within the next 2 H4 candles).
• H1 Timeframe: Momentum is currently overbought, so we may first see a pullback or sideways movement until a clearer reversal signal appears.
________________________________________
🌀 Wave Structure Analysis:
• On the H4 chart, as noted in previous plans, the assumption that price is forming a contracting triangle (abcde) is still valid. Price is currently in the final leg (wave e) of this triangle.
• On the H1 chart, we can observe a channel structure, within which an abc corrective pattern is unfolding.
• The lower boundary of the triangle (marked by the green trendline) combined with support zones will be critical areas to monitor for the end of wave e.
🔺 Note: Wave e does not necessarily end precisely at the triangle boundary – it can slightly overshoot. Hence, we’ll rely on smaller wave structures to identify potential reversal zones.
________________________________________
🎯 Key Price Zones to Watch:
• Target 1: 3329
• Target 2: 3309
• Target 3: 3290
________________________________________
🔎 Lower Timeframe Structure (M10):
From the current price action (as shown in the chart), we can see a leading diagonal triangle structure forming. This is a pattern commonly seen in wave 1. If this pattern is confirmed, a sharp and steep decline toward the 3329 zone is likely.
________________________________________
⚖️ Combining Momentum & Wave Structure:
• D1: Signals a potential reversal → favors Buy setups.
• H4: Momentum is rising, but price hasn’t confirmed a new bullish trend → need to stay alert and tighten Stop Loss.
• H1: Overbought + possible leading diagonal → Expecting a pullback for wave 2 toward 3329 → this would be the optimal Buy zone.
________________________________________
🧭 Trade Plan:
• For experienced traders:
→ Wait for price to reach key levels and watch for reversal signals before entering.
• For beginners:
→ Use the following Limit Buy setup:
✅ Setup 1:
• Buy zone: 3330 – 3328
• Stop Loss: 3320
• TP1: 3351
• TP2: 3370
• TP3: 3385
✅ Setup 2:
• Buy zone: 3310 – 3308
• Stop Loss: 3300
• TP1: 3328
• TP2: 3351
• TP3: 3370
________________________________________
🔍 Momentum Analysis:
• D1 Timeframe: Momentum has entered the oversold zone. This strongly suggests a potential bullish reversal today, which could lead to a rally or sideways movement lasting around 4–5 days.
• H4 Timeframe: Momentum is reversing upward. This indicates a likely bullish or sideways move in the short term, at least until momentum reaches the overbought zone (estimated within the next 2 H4 candles).
• H1 Timeframe: Momentum is currently overbought, so we may first see a pullback or sideways movement until a clearer reversal signal appears.
________________________________________
🌀 Wave Structure Analysis:
• On the H4 chart, as noted in previous plans, the assumption that price is forming a contracting triangle (abcde) is still valid. Price is currently in the final leg (wave e) of this triangle.
• On the H1 chart, we can observe a channel structure, within which an abc corrective pattern is unfolding.
• The lower boundary of the triangle (marked by the green trendline) combined with support zones will be critical areas to monitor for the end of wave e.
🔺 Note: Wave e does not necessarily end precisely at the triangle boundary – it can slightly overshoot. Hence, we’ll rely on smaller wave structures to identify potential reversal zones.
________________________________________
🎯 Key Price Zones to Watch:
• Target 1: 3329
• Target 2: 3309
• Target 3: 3290
________________________________________
🔎 Lower Timeframe Structure (M10):
From the current price action (as shown in the chart), we can see a leading diagonal triangle structure forming. This is a pattern commonly seen in wave 1. If this pattern is confirmed, a sharp and steep decline toward the 3329 zone is likely.
________________________________________
⚖️ Combining Momentum & Wave Structure:
• D1: Signals a potential reversal → favors Buy setups.
• H4: Momentum is rising, but price hasn’t confirmed a new bullish trend → need to stay alert and tighten Stop Loss.
• H1: Overbought + possible leading diagonal → Expecting a pullback for wave 2 toward 3329 → this would be the optimal Buy zone.
________________________________________
🧭 Trade Plan:
• For experienced traders:
→ Wait for price to reach key levels and watch for reversal signals before entering.
• For beginners:
→ Use the following Limit Buy setup:
✅ Setup 1:
• Buy zone: 3330 – 3328
• Stop Loss: 3320
• TP1: 3351
• TP2: 3370
• TP3: 3385
✅ Setup 2:
• Buy zone: 3310 – 3308
• Stop Loss: 3300
• TP1: 3328
• TP2: 3351
• TP3: 3370
Trade active
+200 pips Entry Buy 3310 - 3308
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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.
👉 Join the channel to receive more scalping signals!
Channel Telegram: t.me/+XkFQ95yHVOEwNDc1
Channel Telegram: t.me/+XkFQ95yHVOEwNDc1
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.