Tiausdt trading opportunityTiausdt appears to have completed a potential five-wave cycle and anticipates initiating a corrective phase in the form of an ABC pattern.
It seems the corrective phase A is concluded, positioning us for the development of corrective wave leg B. The significance of leg B lies in its interaction with a critical resistance zone. An upward breach could signal a bullish continuation, aligning with the target highlighted on the chart.
Personally, I've positioned a trade to capitalize on this anticipated corrective move.
Conversely, a failure to breach leg B may prompt a substantial decline to fulfill the corrective waves. The downward target aligns with a strong Order Block (OB) zone, speculated to initiate robust bullish momentum aimed at the same target.
Monitoring leg B's behavior will be pivotal for further market direction.
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