Momentum

ā€“ D1 momentum is increasing
ā†’ It may take 1ā€“2 days to reach the overbought zone and reverse
ā†’ Therefore, the current bullish or sideways move may continue for 1ā€“2 more days

ā€“ H4 momentum is preparing to reverse
ā†’ High probability of forming an H4 bottom once confirmed

ā€“ H1 momentum is turning bearish
ā†’ A short-term decline or sideways move is likely

Wave Structure

ā€“ On D1:
ā†’ The current upward move shows small-bodied candles (weak momentum)
ā†’ While D1 momentum is approaching the overbought zone
ā†’ This suggests Wave 4 is likely nearing completion

ā€“ On H4:
ā†’ Momentum is preparing to turn bullish
ā†’ There may be one more upward move to complete Wave 4

ā€“ On H1:
ā†’ The structure is ABC, and price is currently in Wave C
ā†’ Wave C is forming a 5-wave structure

ā†’ Price may be in the final phase of Wave 4
ā†’ After completion, a Wave 5 upward move is expected
ā†’ Wave 5 target: 4666 ā€“ 4710

ā†’ However, H1 momentum is decreasing
ā†’ Price may continue to decline toward the support zone at 4480
ā†’ This is the area to look for buy opportunities

Trading Plan

Buy Zone: 4483 ā€“ 4480
SL: 4457
TP1: 4532
TP2: 4594
TP3: 4660

Sell Zone: 4666 ā€“ 4668
SL: 4696
TP1: 4594
TP2: 4484
TP3: 4282

ā€“ Note:
ā†’ The liquidity zone is wide, so SL is relatively tight
ā†’ Wait for clear reversal signals before entering a sell trade