
š Chart Read (Structure)
Clear ABCDE triangle āļø
Price respecting:
Descending resistance (b ā d)
Ascending support (a ā c ā e)
Current position: near completion of wave E
š This is typically the final compression before expansion
ā” Bias: BULLISH BREAKOUT (Primary Scenario)
Why:
Triangle = continuation pattern
Likely part of wave (IV) ā next move = wave (III) or (V) expansion
Price holding higher lows āļø
Liquidity building below E āļø
š Trade Plan (BUY SETUP)
š¢ Entry Options:
ā
Aggressive Entry:
159.20 ā 159.50 (current zone)
Enter on strong bullish candle / momentum push
ā
Safer Entry (Best):
Break & retest of trendline (~159.60ā159.80)
š Stop Loss:
158.20 ā 158.00
(Below wave E low + triangle support)
šÆ Targets:
šÆ Target 1:
160.80
(Triangle height projection / prior resistance)
šÆ Target 2:
162.00
š„ Target 3 (Main Expansion):
163.20 ā 163.50
(Your marked wave III zone āļø)
š RiskāReward:
Easy 1:3+ RR
If breakout is strong ā can extend further
ā ļø Invalidation Scenario (Important)
If price:
Breaks below 158.00 with strong close
š Then:
Triangle failed ā
Expect liquidity sweep ā downside move
š§ LIQ TRADING Insight
Wave E usually traps sellers
Smart money:
Accumulates near support
Breaks out violently
š That green zone you marked = perfect expansion projection
ā” Execution Tip (Pro Level)
Wait for one of these:
Trendline breakout + retest
Liquidity sweep below E ā immediate reversal (best entry)
High momentum breakout candle
