### 🌀 **Elliott Wave Structure**
* The stock completed a textbook 5-wave impulse (1 → 5).
* Followed by a complex **ABCDE correction**, ending with a liquidity sweep on Wave (E).
* Current price action is a **bullish breakout** — likely the start of a **new impulsive cycle**.
### 📐 **Fibonacci Extension Target**
* **7.35 = 100% Fib extension** of previous impulse (Wave 1–5), projected from Wave (E).
## 🎯 **Trading Setup**
| **Entry** | Market @ 5.90 |
| **Stop Loss** | Below 4.75 (beneath main OB) |
| **Take Profit** | 7.35 (100% Fib extension ) |
| **R/R Ratio** | \~1:3.6 |
---
> “SALIK finally ripped through resistance like butter. BOS confirmed the bulls are back in charge. That 7.35 target? It’s not just a guess — it’s fib math.”
> *“Fibonacci is the map. Price is the vehicle. Volume is the fuel.”*
---
### ⚠️ **Disclaimer**
> This is not financial advice. For educational purposes only. Always manage risk and use stop losses. Past performance doesn’t guarantee future results.
* The stock completed a textbook 5-wave impulse (1 → 5).
* Followed by a complex **ABCDE correction**, ending with a liquidity sweep on Wave (E).
* Current price action is a **bullish breakout** — likely the start of a **new impulsive cycle**.
### 📐 **Fibonacci Extension Target**
* **7.35 = 100% Fib extension** of previous impulse (Wave 1–5), projected from Wave (E).
## 🎯 **Trading Setup**
| **Entry** | Market @ 5.90 |
| **Stop Loss** | Below 4.75 (beneath main OB) |
| **Take Profit** | 7.35 (100% Fib extension ) |
| **R/R Ratio** | \~1:3.6 |
---
> “SALIK finally ripped through resistance like butter. BOS confirmed the bulls are back in charge. That 7.35 target? It’s not just a guess — it’s fib math.”
> *“Fibonacci is the map. Price is the vehicle. Volume is the fuel.”*
---
### ⚠️ **Disclaimer**
> This is not financial advice. For educational purposes only. Always manage risk and use stop losses. Past performance doesn’t guarantee future results.
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