momentum

Wound D1:
Currently, D1’s momentum is declining. Therefore, the decline in the D1 frame is likely to continue until momentum enters oversold territory.

Wound H4:
H4 momentum is rising. Therefore, the price on the H4 frame may continue to move sideways or upward until the H4 momentum enters the overbought zone.

Wound H1:
Momentum is now expected to reverse higher in the first half. Therefore, the H1 framework is likely to form an uptrend or sideways trend soon.

wave model
Waveform on D1

The decline in D1 momentum supports the continuation of the red Y wave. The current target area is near 4357.

We will watch for D1’s momentum to move into oversold territory. The market may then bottom at D1, which may be the end of the Y wave.

Wave pattern on H4

H4 momentum is rising, but the important point is that during this bullish reversal, price fell below point B of the green wave.

This is a signal that Green Wave C may have completed, after which the price may continue to fall.

Waveform on H1

The current decline may be wave 1 or wave A. At present, the kinetic energy of H4 is bullish, and the kinetic energy of H1 is reversed upward, so we expect that the ABC adjustment pattern of wave 2 or wave B will be formed.

The target area for the end of the black C wave is around 4540.

The lower liquidity area, SSL 4488, was cleared yesterday. The price then rose and is now falling to retest the OB area. Therefore, we expect a buying opportunity near the 4492 area.

Above, there is a large liquidity area near 4545 with heavy seller stop orders. This area may attract prices higher to clear liquidity before a new downtrend begins.

This area is also the target area for the wave to expire, so we will focus on it as a sell area.

The lower liquidity areas are 4467 and 4453. These areas are not yet cleared, so prices may be attracted to them. They are also our target price areas for sell trades.

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