Every swing has been unfolding with textbook precision - following Elliott Wave structure step by step.
We are now deep into the larger 5-wave decline:
Waves 1, 2, and 3 are already complete.
Price is currently in Wave 4, unfolding as an ABC correction.
Within this correction, we’re finishing wave B, with a final push into wave C expected.
The SELL ZONE is marked at the 38.2–50% retracement area, confluencing with the descending trendline. This is where Wave 4 should end before the downtrend resumes.
Trade idea:
- Once price taps into this reversal zone, we’ll watch lower timeframes for bearish confirmations such as: Break of structure (BOS) / trendline break
- Entry triggers with stops above invalidation
- Targets: 1.247 (600pips), 1.216 (900pips)
Why is the sell zone important?
Wave 4 corrections often retrace into the 38.2–50% region, but rarely go beyond 61.8% without invalidating the wave count. That’s why we focus here - it’s the high-probability turning point.
USDSGD 12H
This next leg will be Wave 5 of the broader move, likely carrying momentum to fresh lows.
Plan your trade. Wait for confirmation. Execute with discipline.
Goodluck and as always, Trade Safe!
We are now deep into the larger 5-wave decline:
Waves 1, 2, and 3 are already complete.
Price is currently in Wave 4, unfolding as an ABC correction.
Within this correction, we’re finishing wave B, with a final push into wave C expected.
The SELL ZONE is marked at the 38.2–50% retracement area, confluencing with the descending trendline. This is where Wave 4 should end before the downtrend resumes.
Trade idea:
- Once price taps into this reversal zone, we’ll watch lower timeframes for bearish confirmations such as: Break of structure (BOS) / trendline break
- Entry triggers with stops above invalidation
- Targets: 1.247 (600pips), 1.216 (900pips)
Why is the sell zone important?
Wave 4 corrections often retrace into the 38.2–50% region, but rarely go beyond 61.8% without invalidating the wave count. That’s why we focus here - it’s the high-probability turning point.
USDSGD 12H
This next leg will be Wave 5 of the broader move, likely carrying momentum to fresh lows.
Plan your trade. Wait for confirmation. Execute with discipline.
Goodluck and as always, Trade Safe!
Want more chart ups like this? Click the links below:
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Free Telegram: t.me/Wicktator
Forex VIP: t.me/WicktatatorVIP_bot
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Want more chart ups like this? Click the links below:
Free Telegram: t.me/Wicktator
Forex VIP: t.me/WicktatatorVIP_bot
Free Telegram: t.me/Wicktator
Forex VIP: t.me/WicktatatorVIP_bot
Powiązane publikacje
Wyłączenie odpowiedzialności
Informacje i publikacje przygotowane przez TradingView lub jego użytkowników, prezentowane na tej stronie, nie stanowią rekomendacji ani porad handlowych, inwestycyjnych i finansowych i nie powinny być w ten sposób traktowane ani wykorzystywane. Więcej informacji na ten temat znajdziesz w naszym Regulaminie.