Timeframe: Daily | Market: Volatility 50 (1s) | Bias: BEARISH π΄
π Wave Count
WXY correction with Wave Y targeting 160,000-170,000 from current 185,000!
Setup:
- π Channel support test
- π― Target: 160,000-170,000
- π΄ Stop: Above 205,000
π― Trading Plan
Entry: 185,000-195,000 | Stop: Above 205,000 | Target:
160,000-170,000
β‘ WXY Pattern
Wave Y completes the downtrend!
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πΉ Price has completed a textbook 5-wave impulsive decline from the top of wave (B), forming a clean wave 1 down.
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π» The move unfolded within a well-defined descending channel, showing consistent Elliott Wave behavior.
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π The recent low marks a potential wave 5 of 1, right at channel support β a strategic zone for a wave 2 corrective bounce.











