This Boom 500 Index chart follows Elliott Wave principles

πŸ“Š Timeframe: 8-Hour Chart
πŸ“‰ Market: Boom 500 Index

Key Analysis:

πŸ”Ή Wave 5 in Progress: Price is finalizing a 5-wave decline.
πŸ”Ή Reversal Zone: Yellow demand zone is the projected target.
πŸ”Ή Expected Move: A strong bullish reaction upon wave 5 completion.

πŸ“’ Trade Plan:

βœ… Watch for price reaction at demand zone.
βœ… Potential long opportunity on bullish confirmation.
βœ… Target upside reversal after completion of wave 5.

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