SEIUSDT H4 - AnalysisH4 Wave Structure Update
Based on the current wave structure, the underlying pattern appears to form a complete impulse, suggesting a retracement is imminent. In alignment with Elliott Wave principles, the pullback is most likely to reach approximately 38% of the previous impulse. This level aligns with a trendline established by the leading expanded diagonal, adding confluence to this projection.
A complete corrective structure around this area would strengthen the case for a rebound. Alternatively, the price could extend the retracement further, approaching the 50%–62% levels of the last impulse dimension, before resuming the rally. Monitoring price action at these key levels will provide critical insights into the next move.
