Momentum
– D1 momentum is increasing
→ It may take 1–2 days to reach the overbought zone and reverse
→ Therefore, the current bullish or sideways move may continue for 1–2 more days
– H4 momentum is preparing to reverse
→ High probability of forming an H4 bottom once confirmed
– H1 momentum is turning bearish
→ A short-term decline or sideways move is likely
Wave Structure
– On D1:
→ The current upward move shows small-bodied candles (weak momentum)
→ While D1 momentum is approaching the overbought zone
→ This suggests Wave 4 is likely nearing completion
– On H4:
→ Momentum is preparing to turn bullish
→ There may be one more upward move to complete Wave 4
– On H1:
→ The structure is ABC, and price is currently in Wave C
→ Wave C is forming a 5-wave structure
→ Price may be in the final phase of Wave 4
→ After completion, a Wave 5 upward move is expected
→ Wave 5 target: 4666 – 4710
→ However, H1 momentum is decreasing
→ Price may continue to decline toward the support zone at 4480
→ This is the area to look for buy opportunities
Trading Plan
Buy Zone: 4483 – 4480
SL: 4457
TP1: 4532
TP2: 4594
TP3: 4660
Sell Zone: 4666 – 4668
SL: 4696
TP1: 4594
TP2: 4484
TP3: 4282
– Note:
→ The liquidity zone is wide, so SL is relatively tight
→ Wait for clear reversal signals before entering a sell trade