Bias: Bullish
Strategy: Trend continuation within channel (15M & 1H confluence)
Setup: Buy $3,085–$3,090 → TP1 $3,105 → TP2 $3,110
why ?
#1D Chart (Top Left):
Elliott Wave Count suggests price is in Wave (5) of a bullish impulse.
A bullish breakout just happened from a bull flag (Wave 4).
RSI: Overbought (74) — caution of potential short-term pullback, but momentum remains strong.
#4H Chart (Top Right):
Strong impulse wave forming post corrective ABC.
Currently in sub-wave (5) — upside continuation likely toward $3,110–$3,120 before potential exhaustion.
#1H Chart (Bottom Right):
Inside a rising parallel channel.
Breakout from small range (flag) just occurred.
Expect continuation toward top of channel (~$3,110) if momentum continues.
#15M Chart (Bottom Left):
Clean structure of higher lows, ascending trendline support.
Strong bullish reaction from recent consolidation = likely institutional demand.
Strategy: Trend continuation within channel (15M & 1H confluence)
Setup: Buy $3,085–$3,090 → TP1 $3,105 → TP2 $3,110
why ?
#1D Chart (Top Left):
Elliott Wave Count suggests price is in Wave (5) of a bullish impulse.
A bullish breakout just happened from a bull flag (Wave 4).
RSI: Overbought (74) — caution of potential short-term pullback, but momentum remains strong.
#4H Chart (Top Right):
Strong impulse wave forming post corrective ABC.
Currently in sub-wave (5) — upside continuation likely toward $3,110–$3,120 before potential exhaustion.
#1H Chart (Bottom Right):
Inside a rising parallel channel.
Breakout from small range (flag) just occurred.
Expect continuation toward top of channel (~$3,110) if momentum continues.
#15M Chart (Bottom Left):
Clean structure of higher lows, ascending trendline support.
Strong bullish reaction from recent consolidation = likely institutional demand.
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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.
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.