BOOM 500 INDEX 24H UPDATE

πŸ“Š Timeframe: 24-Hour Chart
πŸ“ˆ Market: Boom 500 Index

Elliott Wave Analysis:

πŸ”Ή Corrective Wave (ABC): Price is retracing after an impulse down.
πŸ”Ή Key Resistance: 38.2%-50% Fibonacci retracement + Wave 4 & C projection.
πŸ”Ή Expected Move: Bearish Wave 5 decline toward new lows.

πŸ“’ Trade Setup:

βœ… Bearish Confirmation: Rejection at resistance signals a short opportunity.
βœ… Short Target: Wave 5 extension to lower levels.

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