Primary Impulse (Higher Degree) – 5-Wave Structure:
1️⃣ Wave 1 → $2,800 → $2,925 (Early impulse wave, Feb 2025).
2️⃣ Wave 2 → $2,925 → $2,875 (Deep pullback, strong support).
3️⃣ Wave 3 → $2,875 → $3,000+ (Extended wave, strongest rally).
4️⃣ Wave 4 → $3,000 → $2,950 (Consolidation correction).
5️⃣ Wave 5 → $2,950 → $3,035+ (Current move, nearing completion).
Wave 5 Substructure (Lower Degree – 5-Wave Internal Count)
(i) Mini Wave 1 → $2,950 → $3,000 (Impulse start).
(ii) Mini Wave 2 → $3,000 → $2,975 (Shallow retrace).
(iii) Mini Wave 3 → $2,975 → $3,025 (Strong breakout).
(iv) Mini Wave 4 → $3,025 → $3,010 (Small dip, channel retest).
(v) Mini Wave 5 → $3,010 → $3,035+ (Final push, near exhaustion
WHAT NEXT GOLD PLAN TO FOLLOW :
A-B-C Structure (Standard Zigzag or Flat Correction)
1️⃣ Wave A (Impulse Down)
Initial drop from $3,035 - $3,050 (current peak).
Targets $3,000 - $2,975 (first demand area).
Confirmation: Bearish candle closes below $3,010.
2️⃣ Wave B (Retracement Up)
Likely retraces 38.2% - 61.8% of Wave A.
Resistance zone: $3,015 - $3,025.
Key invalidation: If price reclaims $3,035+, bearish correction weakens.
3️⃣ Wave C (Final Drop – Equal or 1.618x of A)
Targets $2,960 - $2,940 (measured move).
Deeper correction if structure breaks → Next demand at $2,900 - $2,920.
1️⃣ Wave 1 → $2,800 → $2,925 (Early impulse wave, Feb 2025).
2️⃣ Wave 2 → $2,925 → $2,875 (Deep pullback, strong support).
3️⃣ Wave 3 → $2,875 → $3,000+ (Extended wave, strongest rally).
4️⃣ Wave 4 → $3,000 → $2,950 (Consolidation correction).
5️⃣ Wave 5 → $2,950 → $3,035+ (Current move, nearing completion).
Wave 5 Substructure (Lower Degree – 5-Wave Internal Count)
(i) Mini Wave 1 → $2,950 → $3,000 (Impulse start).
(ii) Mini Wave 2 → $3,000 → $2,975 (Shallow retrace).
(iii) Mini Wave 3 → $2,975 → $3,025 (Strong breakout).
(iv) Mini Wave 4 → $3,025 → $3,010 (Small dip, channel retest).
(v) Mini Wave 5 → $3,010 → $3,035+ (Final push, near exhaustion
WHAT NEXT GOLD PLAN TO FOLLOW :
A-B-C Structure (Standard Zigzag or Flat Correction)
1️⃣ Wave A (Impulse Down)
Initial drop from $3,035 - $3,050 (current peak).
Targets $3,000 - $2,975 (first demand area).
Confirmation: Bearish candle closes below $3,010.
2️⃣ Wave B (Retracement Up)
Likely retraces 38.2% - 61.8% of Wave A.
Resistance zone: $3,015 - $3,025.
Key invalidation: If price reclaims $3,035+, bearish correction weakens.
3️⃣ Wave C (Final Drop – Equal or 1.618x of A)
Targets $2,960 - $2,940 (measured move).
Deeper correction if structure breaks → Next demand at $2,900 - $2,920.
Trade active
ABC Correction (Bearish 📉)If 3,033 fails as support, expect an Elliott Wave ABC retracement.
✅ Wave A: Drop to 3,000 (Root Level)
✅ Wave B: Retraced back to 3,033 (Failed Breakout at Tesla’s Level 3)
⏳ Wave C Target: Drop to 2,996 → 2,985
📍 KEY CONFIRMATION:
Fails 3,033 → Short to 3,009, then 3,000
Fails 3,000 → Drop to 2,996, then 2,985
Trade closed: target reached
Fails 3,033 → Short to 3,009, then 3,000
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.