WavePoint_FX

WavePoint_FX Updated 

🔍 Wave Structure Update As of now, price has broken above the X wave high and is undergoing a retracement. This is a positive signal, suggesting that Wave 1 (black) of the larger green impulsive wave may have completed. Currently, price is likely in Wave 2 (black) – offering a good opportunity to position for the upcoming Wave iii (green). Within Wave 2, we...

WavePoint_FX Updated 

🔍 Current Wave Structure Price is currently correcting within a WXY structure, also known as a double zigzag. At the moment, the market is progressing through wave Y, with two potential targets: 🎯 Target 1: 3245 – already reached, and price has bounced sharply from this zone. 🎯 Target 2: 3215 – a deeper target, requiring further confirmation from price action...

WavePoint_FX Updated 

🔍 Current Wave Structure Following yesterday’s sharp decline, price has made a mild recovery and is currently consolidating around the 3314 area. The drop has nearly reached the projected wave C (green) target, but the current rebound — with overlapping small H1 candles — suggests the bullish structure is still unconvincing. We’re now monitoring two potential...

WavePoint_FX

📊 Elliott Wave Analysis – XAUUSD – H1 Timeframe On the H1 chart, drawing an Elliott channel reveals that price is currently within wave iii (orange), and developing wave 5 (green) within that structure. Once wave 5 (green) completes, the market is expected to correct downwards into wave iv (orange) before resuming the uptrend to complete wave v (orange). 🔍 ...