Elliott Wave Update
The Elliott Wave structure (1ā2ā3ā4ā5) has been identified.
Wave 1 and Wave 2 have been completed perfectly.
We are currently waiting for Wave 3 to fully complete.
Confirmation for Wave 3 completion requires a daily close below $4,710.
Trade Idea-Short Position
A short position may be considered only after confirmation.
Primary Target (TP1): $4,685 (Daily Low)
Secondary Target (TP2): $4,686 (Weekly Low)
Risk Management Tips
Never risk more than you can afford to lose.
Always use a stop-loss to protect your capital in case the market reverses.
Avoid over-leveragingāwhile leverage can increase profits, it significantly increases risk.
Only take trades that align with your strategy; do not chase the market.
Stay disciplined and stick to your trading plan, even during emotional market conditions
ā ļøDisclaimer
This content is not financial advice.
Trading involves significant riskāmanage your exposure carefully and trade responsibly.
Happy Trading! š