“REIT just reclaimed the fair value zone after a deep correction. Wave 2’s in the rearview — now we’re primed to launch Wave 3. Smart money’s stacked at 0.44. 0.66 is the golden magnet if bulls keep structure intact.”
🧠 Elliott Wave Breakdown
✅ Completed bullish impulse (1 → 5), topping out near 0.59
🔻 Deep corrective decline (sharp ABC or Zigzag) down into demand zone 0.4
🟢 New impulse wave :
Current count suggests we're in Wave (3) of the new cycle
Waves (1) and (2) are done — price bouncing from demand and fair value gap (FVG)
Fair Value Gap (FVG) near 0.50: Price filling imbalance and consolidating above average price
Resistance flip likely above 0.511 → breakout confirmation
📐 Fibonacci / Channel Projection
Price staying inside bullish channel
Target projected for Wave (5) = 0.66
🎯 Trade Setup
Entry 0.485 (current) or pullback to 0.470
Stop Loss Below 0.440 (demand zone)
Take Profit 0.661 (Wave (5) projection)
Risk/Reward ~1:3.5
“Amateurs go where the price is. Pros go where the imbalance is.”
⚠️ Disclaimer
Chart is for educational use only. Not financial advice. Always use a stop loss and follow your trading plan.
🧠 Elliott Wave Breakdown
✅ Completed bullish impulse (1 → 5), topping out near 0.59
🔻 Deep corrective decline (sharp ABC or Zigzag) down into demand zone 0.4
🟢 New impulse wave :
Current count suggests we're in Wave (3) of the new cycle
Waves (1) and (2) are done — price bouncing from demand and fair value gap (FVG)
Fair Value Gap (FVG) near 0.50: Price filling imbalance and consolidating above average price
Resistance flip likely above 0.511 → breakout confirmation
📐 Fibonacci / Channel Projection
Price staying inside bullish channel
Target projected for Wave (5) = 0.66
🎯 Trade Setup
Entry 0.485 (current) or pullback to 0.470
Stop Loss Below 0.440 (demand zone)
Take Profit 0.661 (Wave (5) projection)
Risk/Reward ~1:3.5
“Amateurs go where the price is. Pros go where the imbalance is.”
⚠️ Disclaimer
Chart is for educational use only. Not financial advice. Always use a stop loss and follow your trading plan.
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.
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.