Block has made a strong upward move, reaching resistance at $80.31. Thanks to this positive momentum in our primary scenario, we fully focus on further gains as part of turquoise wave 3, which is expected to push the price decisively above the next resistance at $99.96. The subsequent pullback in wave 4 should also occur above this level, before wave 5 ultimately completes magenta wave (1) – marking the first major leg up in the ongoing bullish impulse.
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📈 Over 190 precise analyses, clear entry points, and defined Target Zones - that's what we do (for more: look to the right).
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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.