momentum

D1
Despite being in oversold territory, momentum on the daily frame (D1) has yet to confirm a bullish reversal.
→ We need to wait for the close of today’s candle to confirm.

However:
– Momentum still in oversold territory suggests losses may be limited
– There is a strong chance that the momentum will reverse today or tomorrow
→ Goal: Form at least a bottom on the daily frame

H4
Momentum on the H4 frame is in oversold territory and is starting to show signs of a bullish reversal
→ A short-term rebound or sideways trend may occur
→ Confirmation occurs when momentum clearly reverses to the upside

H1
Momentum in the H1 frame is also in oversold territory and ready to reverse higher
→ There may be an upward rebound in the short term
→ Or prices may continue to trade sideways before a clear trend emerges

wave structure

D1
Price is still within the C wave range

– When the momentum on D1 reverses upward:
→ We may see a rebound or sideways movement
→ Stick to at least a few candles every day

IMPORTANT NOTE:
– Over the past 3 days, D1 candles have had smaller real bodies, indicating weak demand
→ This indicates that liquidity may decline
→ Before the market starts to really rise

H4

– The Y-wave structure continues
– Y wave target area: 4858 – 4875

also:
– D1’s momentum reversal not yet confirmed
→ Additional landings to the target area are still possible to complete the structure

Main scene:
– We wait for H4 momentum to rise into overbought territory
– If the price fails to break above the 5052 level
→ This will be a potential sales area

H1

– Price is currently moving within a horizontal channel (sideways movement)
– This channel represents the current collection phase

Now:
– Both H4 and H1 are in oversold territory
→ A bottom may form at the lower boundary of the channel

However:
– Target areas 4858 – 4875 not yet reached
– The current structure may just be a correction wave

→So:
Don’t rush to buy
→ Instead, wait for H4 to enter the overbought zone and follow the main trend to find selling opportunities.

trading plan

Sales area: 5045 – 5047
Stop Loss (SL): 5065

Target 1 (TP1): 5000
Target 2 (TP2): 4955
Target 3 (TP3): 4857

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