The weekly chart suggests a complex ABCDE correction has completed after a five-wave impulse, increasing the probability of a new bullish Wave (C) toward the primary target at 4,346. The scenario remains valid as long as the E-wave low holds on a weekly closing basis; a weekly close below that low invalidates the setup and shifts bias back to an extended range.
Entry and Invalidation:
• Accumulation zone: 390–430, or a confirmed weekly breakout above 450 to add confirmation toward 4,346.
• Invalidation: Weekly close below the E-wave low cancels the Wave (C) path and calls for reassessment.
Targets and Risk Management:
• Interim target: Retest of the prior high near 777, then intermediate extensions around 1,100–1,700, with the main Wave (C) objective at 4,346.
• Risk management: Use a trailing stop beneath rising weekly swing lows; advance the stop after each broken resistance to preserve gains on the path toward 4,346.
Additional Notes:
• Preference for strong weekly closes with rising volume on breakouts; fading momentum around 700–780 could lead to consolidation or a re-accumulation phase.
• Alternate view: Failure to break out and sustained range behavior may extend the corrective structure in time, so plan with flexible position sizing and disciplined capital management.
Entry and Invalidation:
• Accumulation zone: 390–430, or a confirmed weekly breakout above 450 to add confirmation toward 4,346.
• Invalidation: Weekly close below the E-wave low cancels the Wave (C) path and calls for reassessment.
Targets and Risk Management:
• Interim target: Retest of the prior high near 777, then intermediate extensions around 1,100–1,700, with the main Wave (C) objective at 4,346.
• Risk management: Use a trailing stop beneath rising weekly swing lows; advance the stop after each broken resistance to preserve gains on the path toward 4,346.
Additional Notes:
• Preference for strong weekly closes with rising volume on breakouts; fading momentum around 700–780 could lead to consolidation or a re-accumulation phase.
• Alternate view: Failure to break out and sustained range behavior may extend the corrective structure in time, so plan with flexible position sizing and disciplined capital management.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.