The decline from 116,641 → 109,080 unfolded in 5 waves, confirming an impulse. This sets the stage for a 5-3-5 zigzag correction. With Wave A complete, the market is now advancing in Wave B, expected to resolve as a zigzag.
A strict bearish invalidation level is marked at 116,641. As long as prices remain below this level, the expectation is for Wave C down to follow and complete the zigzag sequence.
📌 Key Levels:
Disclaimer: This analysis is for educational purposes only and does not constitute investment advice. Please do your own research (DYOR) before making any trading decisions.
A strict bearish invalidation level is marked at 116,641. As long as prices remain below this level, the expectation is for Wave C down to follow and complete the zigzag sequence.
📌 Key Levels:
- Invalidation (SL): 116,641
- Wave B unfolding as zigzag
- Wave C down expected next
Disclaimer: This analysis is for educational purposes only and does not constitute investment advice. Please do your own research (DYOR) before making any trading decisions.
Trade fechado: stop atingido
WaveXplorer | Elliott Wave insights
📊 X profile: @veerappa89
📊 X profile: @veerappa89
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WaveXplorer | Elliott Wave insights
📊 X profile: @veerappa89
📊 X profile: @veerappa89
Aviso legal
As informações e publicações não devem ser e não constituem conselhos ou recomendações financeiras, de investimento, de negociação ou de qualquer outro tipo, fornecidas ou endossadas pela TradingView. Leia mais em Termos de uso.