Description
Colleagues, the forecast for an upward impulse has been confirmed. It now appears that wave “3” is complete, and We expect a corrective move in wave “4” toward the 3445 area. After that, the trend may resume higher in the final wave “5,” with potential resistance near the key level of 3540.
What makes this scenario especially interesting is that, if it plays out as expected, we could face a significant correction once the structure is complete—before the upward movement continues again. We will return to those longer-term plans later.
Manage your capital wisely, and take positions only when clear and reliable patterns appear.
Trade active
The price continues its upward movement as expected, but the lack of a clear correction raises two possibilities:
- Wave “3” is still in progress.
- Wave “4” has already formed, but in a shortened pattern.
In either case, We believe a notable correction is likely ahead. However, before we can confirm this, it’s important to identify where the current impulse actually ends.
Trade closed: target reached
Based on the current price dynamics within the impulse, it appears that the market is still unfolding in wave “3.” At the moment, we can observe signs of a corrective move resembling wave “4.”
That said, We expect the high at 3578 to be retested—or even surpassed. For now, it would be prudent to simply monitor the situation and wait for confirmation.