For this setup I'm using my primary Elliott Wave count, considering the higher timeframe's direction such as the 4h and the 15m chart as my entry confirmation, as well as a quick guide to analyze using Elliott Wave structure on smaller timeframes with OBs & Imbalances for entry confirmation.
Again, this time I believe the 0.782 level I marked is a potential key entry level, according to my analysis.
This entire downfall could continue until I see a Change of Character happening on the 4h timeframe.
Again, this time I believe the 0.782 level I marked is a potential key entry level, according to my analysis.
This entire downfall could continue until I see a Change of Character happening on the 4h timeframe.
Note
Well, this time it will be decisive to understand what can happen with the price. The only way I see this scenario working is if only the price reacts with strength after reaching the Order Block (if it even reaches it) or the end of the Imbalance - or as some like to call it, the FVG .tradingview.com/x/g0PW90T4
This could be the end of the Wave C of a smaller Wave 2.
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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.