momentum

The momentum of the daily frame (D1) has entered the oversold zone, so there is a high probability that we will see the daily top today

Momentum on H4 is turning bullish, so we may see an upward correction or sideways movement until H4 reaches oversold territory.

H1 momentum is preparing to reverse, so the probability of H1 reversal in the short term is high.

wave structure

On the D1 frame, momentum has reached overbought territory, so the probability of a reversal today is very high
This means that wave 4 may be nearing completion and the market is preparing to enter wave 5 down

On the H4 frame, according to the alternation principle, if wave 2 is extended, then wave 4 will usually be faster
So the current ABC structure may be complete, meaning wave 4 has ended and price is now in wave 5 (red)
Wave 5 (red) target is 3791

Currently H4 momentum is building, so correction or sideways movement may last 2-3 H4 candles
In this move, the price is expected to remain below the 4600 level, confirming the 5-wave downtrend

H1 structure

Since H4 momentum is still rising, H1 may continue to trade sideways or rise
There is an area of ​​higher liquidity at 4480 that serves as nearby resistance

If the price remains below this level, the downtrend may continue
But if the price breaks above the 4600 level, the scenario of completion of wave 4 will be cancelled, and wave 4 may still continue.

trading plan

Sales area: 4478 – 4481
Level: 4505
TP1:4376
TP2:4282

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