Hello awesome traders! 👋
Hope you’ve managed to grab some solid pips from the markets this week. As we head into the weekend, I’m wrapping things up by dropping a few clean chart setups for you to review and reflect on.
Enjoy the weekend, recharge well — and I’ll see you sharp and ready next week for more structure-led opportunities.
📌 Pattern Breakdown
This setup delivered exactly what we watch for:
🔹 Classic ABC structure with clean symmetry
🔹 CD leg completed directly into the Potential Completion Zone (PCZ)
• 127.2% BC = 184.379
• 161.8% BC = 183.928
🔹 Price tagged 184.329 and showed a strong, clean bullish rejection right from the zone
It’s a confirmation of intent — but the job’s not done just yet.
🎯 Next Levels in Focus
🚫 Target 1 has not yet been hit, but structure is holding well.
🎯 Target 1 Range: 185.73 – 186.04
🎯 Target 2 (extension): 186.50 – 187.10
As we head into close, this becomes a management decision:
🔸 Let partials run if you’re in
🔸 Stay flat if you missed entry — wait for next week’s confirmation or pullback opportunity
🧠 Key Concepts in Play
✅ Symmetry-based ABC pattern
✅ PCZ precision and confirmed bullish rejection
✅ Momentum building, but still below TP1
✅ Structure-based trade with defined targets and invalidation
🗝 Final Thoughts
This is a textbook end-of-week setup: clean structure, clear reaction, and patience now required.
Don’t force the next move — we’ve got rejection confirmation, now we let price follow through.
Target 1 is well-defined — and price is on its way. We'll reassess early next week for continuation toward the higher fib extensions.
“Rejection starts the move — but discipline finishes the trade.”
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.