First: Technical analysis (general trend)
• Price is within a clear ascending channel (higher highs – higher lows).
• The previous high was broken and then retested at the purple horizontal line ~ 5390 – 5393.
• The current move is a correction within an uptrend.

✅ Intraday trend: Bullish, unless it breaks through 5385 and closes clearly

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Second: Wave Analysis (Elliott)

Most likely scenario:
• The five-point impulse wave ended near 5425.
• We are currently in a correction wave (ABC):
• First failure
• B Apostasy
• C can be extended to test lower channel limits

🔹 End of possible fixes:
Between 5375 – 5385

If it holds → the beginning of a new uptrend 3.

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Third: Numerical Analysis (Fibonacci)
• The current correction is close to the 38.2% – 50% level of the last bull run.
• A significant 0.903 ratio indicates that the numbers are moving consistently.
• Stability above 5385 maintains bullish balance.

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Fourth: Time Analysis
• The current move follows a strong rally → the market naturally enters a cooling phase.
• We often witness fresh price explosions after 3-5 consolidation candles on this frame.

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Fifth: Price Action
• There is clear price rejection in the right circle (lower tail candle).
• Successful retest of the broken level.
• No structural break to the downside yet.

Rising confirmation signal:
Close strong candle above 5405

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Sixth: Support and Resistance

🔵 Support:
• 5390 (immediate support)
• 5385 (vital structural support)
• 5375 (channel bottom limit)
• 5355 stronger support

🔴Resistor:
• 5405 direct resistance
• 5425 last peaks
• 5450 upper channel target

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Seventh: Supply and demand areas

🟢Strong demand areas:
5375 – 5385

🔴Display area:
5420 – 5430

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🎯 Recommended (short term)

✅Purchase scenario:

Log in to purchase:
5380 – 5385
Target 1: 5405
Target 2: 5425
Target 3: 5450
Stop loss: close below 5375

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❌ Negative Scenario:

Clear breakout and close below 5375
The road leads to 5355 and then to 5325

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