This chart represents a possible Elliott Wave analysis with five
Key Points:
Current Situation: According to the chart, the price is in Wave 4, which is a corrective phase. If it holds the support zone (white box), Wave 5 may start.
Support Level: The price is currently testing a key support level. Holding this level could push the price upward.
Target: The next strong resistance is expected between 0.8451 – 0.8877, aligning with Fibonacci retracement levels.
Risk: If the price breaks below the support level, it could drop further, invalidating Wave 5.
Conclusion:
If support holds, a bullish Wave 5 move is expected, aiming for higher resistance levels. However, if support breaks, a further decline is possible.
Current Situation: According to the chart, the price is in Wave 4, which is a corrective phase. If it holds the support zone (white box), Wave 5 may start.
Support Level: The price is currently testing a key support level. Holding this level could push the price upward.
Target: The next strong resistance is expected between 0.8451 – 0.8877, aligning with Fibonacci retracement levels.
Risk: If the price breaks below the support level, it could drop further, invalidating Wave 5.
Conclusion:
If support holds, a bullish Wave 5 move is expected, aiming for higher resistance levels. However, if support breaks, a further decline is possible.
Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.
Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.