One of the key highlights at this current cycle low is the precise overlap between the PRZ (Potential Reversal Zone) of a Shark pattern and the termination point of the Elliott Wave’s fifth wave.
This confluence provides a strong technical foundation for a potential rebound—not just a short-term relief rally, but the beginning of a medium- to long-term wave reversal.
In the case of the Shark pattern, applying Fibonacci ratios from the B wave’s start to its endpoint reveals an ideal PRZ at the 1.13 extension level.
This 1.13 zone is historically known as a powerful reversal area within Shark patterns, and previous examples support its high-probability bounce potential.
Simultaneously, within the same price region, the Elliott Wave count also completes its fifth wave structure.
Upon closer examination, the full 1–5 wave sequence is clearly distinguishable, and the final fifth wave is characterized by decreasing volume and a sharp price drop—hallmarks of a classic terminal wave.
The fact that both technical elements converge in the same zone—followed by an actual upward reaction—strongly suggests that this rebound is structurally justified, not coincidental.
Thus, this zone presents a technically valid entry point for short- to mid-term positions.
We project potential upside targets based on Fibonacci retracement levels:
First target at the 0.382 retracement, around 173.19,
Second target at the 0.618 retracement, around 219.87.
In conclusion, the overlap between the Shark 1.13 PRZ and the Elliott Wave’s fifth-wave termination builds a highly compelling reversal scenario from a technical standpoint.
The current upward movement is well-grounded in this structure and should be interpreted as a forecastable shift, not an anomaly.
This confluence provides a strong technical foundation for a potential rebound—not just a short-term relief rally, but the beginning of a medium- to long-term wave reversal.
In the case of the Shark pattern, applying Fibonacci ratios from the B wave’s start to its endpoint reveals an ideal PRZ at the 1.13 extension level.
This 1.13 zone is historically known as a powerful reversal area within Shark patterns, and previous examples support its high-probability bounce potential.
Simultaneously, within the same price region, the Elliott Wave count also completes its fifth wave structure.
Upon closer examination, the full 1–5 wave sequence is clearly distinguishable, and the final fifth wave is characterized by decreasing volume and a sharp price drop—hallmarks of a classic terminal wave.
The fact that both technical elements converge in the same zone—followed by an actual upward reaction—strongly suggests that this rebound is structurally justified, not coincidental.
Thus, this zone presents a technically valid entry point for short- to mid-term positions.
We project potential upside targets based on Fibonacci retracement levels:
First target at the 0.382 retracement, around 173.19,
Second target at the 0.618 retracement, around 219.87.
In conclusion, the overlap between the Shark 1.13 PRZ and the Elliott Wave’s fifth-wave termination builds a highly compelling reversal scenario from a technical standpoint.
The current upward movement is well-grounded in this structure and should be interpreted as a forecastable shift, not an anomaly.
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