comprehensive analysis

1️⃣ Technical Analysis

• Overall trends in the 4H framework:
◦ Bullish correction within horizontal range
•
• Current price:
◦ Clear visible area at the bottom
◦ Areas with strongest demand
•
• Momentum:
◦ Obvious purchasing weakness near top
◦ Short-term selling pressure begins
•

2️⃣ Elliott Wave Analysis

• Movement from 1.1500→1.1800:
◦ Complete pulse wave
•
• Current price:
◦ During a corrective wave (wave 4 or ABC)
•
• As long as the price is above 1.1580:
◦ The larger bullish scenario remains
•

3️⃣Time analysis

• Current fluctuations after strong rising waves are normal
• Correction time has not yet been completed
• Expected:
◦ Sideways movement/additional corrections before trend determination
•

4️⃣ Numerical Analysis (Fibonacci)

• The current correction value is close to:
38.2% – 50%
•
• Numerically ideal rebound areas:
1.1600 – 1.1580
•

5️⃣Fundamental analysis

• Dollar:
◦ Still fluctuating
◦ There is no decisive force yet
•
• EUR:
◦ Relatively stable
•
• Basics:
◦ Neutral, bullish for the euro in the medium term
•

6️⃣ Price Action

• At the top:
◦ Transparent rejection candle
◦ Unable to stabilize above the display area
•
• No true bull market breakout yet

7️⃣ Support and resistance

🟢Support:

• 1.1650
• 1.1600 – 1.1580 (strong demand area)
• 1.1500 (Main Support)

🔴Resistor:

• 1.1760 – 1.1800 (strong supply zone)
• 1.1880

8️⃣ Technical model

• Lateral tilting movement
• There is currently no completed bullish reversal pattern
• Forming possibilities:
◦ Range/flag correction
•

9️⃣ Digital model

• FVG below price:
◦ Increase the probability of landing to fill the gap
•
• Market is looking for minimum liquidity

🔟 Harmonic model

• Formation probability:
◦ Bullish on Gartley
•
• D potential zone:
1.1580 – 1.1600
•

1️⃣1️⃣Supply and demand areas

• Strong supply zone: 1.1760 – 1.1800
• Strong demand zone: 1.1600 – 1.1550

1️⃣2️⃣Fixed point

• 1.1700 current fixation points
• Underlying stability:
◦ Short-term negative impact
•
• Stable above 1.1760:
◦ Strong positive
•

🧭 Pivot area

1.1680 – 1.1720

🎯Recommended

🟢 Purchase Discount (Best)

• Buy: 1.1600 – 1.1580
• Stop Loss: 1.1540
• Target:
1.1700 1.1700
1.1760 1.1760
1.1800 1.1800
•

🔴Promotion (short term only)

• SELL: 1.18 – 1.1790
• Stop Loss: 1.1830
• Target:
1.17
1.16
•

Source link