On the higher timeframe (Daily), a full 5-wave impulsive structure appears to be completed. This shifts the focus towards a larger ABC correction, where Wave A and B are likely already in place.
Wave B unfolded as a complex WXY structure, supporting the corrective nature of the move and increasing the probability of a continuation into Wave C to the downside.
On the lower timeframe (1H), we are tracking a potential 1–2 setup. A break below the confirmation level at 157.504 would validate the bearish scenario and signal the start of a potential impulsive move lower.
Entry (confirmation): Below 157.504
Stop Loss: Above Wave 2 high (~159.66)
Additional confluence comes from bearish MACD crosses on the 12H and Daily timeframes.
This is a conditional setup based on structure and confirmation — not prediction.
Wave B unfolded as a complex WXY structure, supporting the corrective nature of the move and increasing the probability of a continuation into Wave C to the downside.
On the lower timeframe (1H), we are tracking a potential 1–2 setup. A break below the confirmation level at 157.504 would validate the bearish scenario and signal the start of a potential impulsive move lower.
Entry (confirmation): Below 157.504
Stop Loss: Above Wave 2 high (~159.66)
Additional confluence comes from bearish MACD crosses on the 12H and Daily timeframes.
This is a conditional setup based on structure and confirmation — not prediction.
Note
The price came very close to our invalidation level today. But as long as price does NOT break above, the trade remains valid. Lets stay patientOrder cancelled
the market has now broken above our invalidation level, which means this trade is not lnger valid and we canceled the limit order. We will now reassess the structure and look for other potential entry points
WaveMaster- predicting markets with precision ✅
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.
WaveMaster- predicting markets with precision ✅
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.