1. Momentum
– D1 time frame

– Daily momentum is in an uptrend and has entered overbought territory.
——The improvement range becomes limited.
– Daily peaks may occur over the next 1-2 days.

– H4 time frame

– H4 momentum is consolidating within overbought territory, indicating a short-term top.
The emergence of a bearish candle confirming a momentum reversal will confirm the H4 top.

– H1 time frame

– First half momentum is currently in oversold territory.
– A short-term rebound may form a bottom in the first half before the next move.

2. Wave structure
– D1 structure

– ABC correction is still forming.
– Wave B is expected to be completed as daily momentum moves into overbought territory.
– After the completion of Wave B, the market may witness:
– Significant decline, or
– Sideways movement before wave C begins.

– H4 structure

The B wave forms a triangle.
– First half momentum points to continued upward pressure.
– The e-wave may temporarily penetrate the upper boundary of the triangle.
– If a breakout occurs, price will usually move back inside the triangle.
The strongest confirmation would be a breakout of the D-wave bottom at 4857 points.
– The 0.786 Fibonacci level at 5345 (from the previous bearish wave) represents major resistance and a potential target for the end of the correction.

– H1 structure

– Momentum in the first half is gearing up to reverse upward, suggesting a slight continuation of the rally is likely.
– Fibonacci target: 5345.
– 5254 – 5301 areas represent areas of strong liquidity and form a wide resistance range.
– The RSI indicator for H1 is strongly overbought.
– This situation usually results in a new high on the RSI followed by a divergence.

three. General scene

– Waiting for first half momentum to move into overbought territory.
– Monitor for bearish reversal signals.
– Any confirmation of a reversal from resistance represents a potential real-time selling opportunity.

Four. trading plan
– First case: sales area 5254 – 5256

– Sales area: 5254 – 5256
– SL: 5275
– TP1:5102
– TP2: 4955
– TP3:4827

– Second case: sales area 5345 – 5347

– Sales area: 5345 – 5347
– SL: 5365
– TP1:5102
– TP2: 4955
– TP3:4827

in conclusion

– The daily frame is approaching the end of the B wave.
– The H4 frame presents a triangular pattern.
The H1 frame may see a final uptrend before divergence and reversal occur.

– Main strategies:
– Wait for H1 to enter the overbought zone.
– Look for reversal confirmation at resistance levels.
– Prioritize sell trades based on the overall structure of the wave.

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