πŸš€ BOOM 500: Deep Correction Complete - Massive Rally Loading!

πŸ“Š Market Overview

Timeframe: Daily Chart (D1)
Market: Boom 500 Index
Bias: BULLISH 🟒

πŸ“ˆ Wave Analysis

The Boom 500 has completed a powerful five-wave impulse structure, reaching highs around 6,800.
Now in a deep Wave (2) correction, the market is forming an ABC pattern targeting the
4,200-4,300 zone.

Current Structure:

  • βœ… Waves 1-3-5 completed to 6,800 peak
  • ⏳ Wave A decline finished
  • πŸ”„ Wave B bounce currently forming
  • 🎯 Wave C expected to 4,200-4,300 support

🎯 Key Trading Levels

Support Zones:

  • 🟨 4,200 - 4,300 (Wave 2 target - HIGH PROBABILITY BUY ZONE)
  • πŸ”΄ Below 3,600 invalidates bullish count

Resistance/Targets:

  • 5,200 (50% Fibonacci)
  • 🎯 7,400+ (Wave 3 projection after reversal)

πŸ’‘ Trading Strategy

Setup: Wait for Wave C completion at 4,200-4,300

Entry: 4,200-4,300 zone with reversal confirmation
Stop Loss: Below 3,600
Target: 7,400+
Risk/Reward: 1:5 ratio πŸ”₯

⚑ Bottom Line

Boom 500 is setting up for a textbook Wave (3) rally after completing its correction. The
4,200-4,300 zone offers an exceptional risk-reward opportunity for patient traders. Watch for bullish reversal
signals at support!

More Insights

TOP
Elliott Wave Unite