🔄 Wave Structure Overview:
The market has formed a classic 5-wave Elliott pattern, suggesting potential for bullish continuation:
Wave (1): Sharp breakout to the upside, signaling strong buyer interest.
Wave (2): Correction phase – a healthy retracement after the initial impulse.
Wave (3): Rising wedge pattern, indicating bullish pressure but within resistance boundaries.
Wave (4): Deep correction, returning toward demand zones.
Wave (5): Expected bullish rally toward the target level of 3,365.266.
The market has formed a classic 5-wave Elliott pattern, suggesting potential for bullish continuation:
Wave (1): Sharp breakout to the upside, signaling strong buyer interest.
Wave (2): Correction phase – a healthy retracement after the initial impulse.
Wave (3): Rising wedge pattern, indicating bullish pressure but within resistance boundaries.
Wave (4): Deep correction, returning toward demand zones.
Wave (5): Expected bullish rally toward the target level of 3,365.266.
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