Price is moving within a well-defined falling wedge structure, forming an Ending Diagonal (ABCDE).
🔹 Currently in Wave D → E, expecting final leg down toward the 95.97–97.00 zone.
🔹 Previous resistance at 98.60–99.30 acted as a key rejection area.
🔹 If the wedge holds, we could see a potential bullish reversal from the blue support zone.
Key Outlook:
📍 Short-term bearish pressure
📍 Medium-term reversal expected if Wave E completes
📍 Eyes on confirmation from price action + volume near the wedge base
💡 Trade smart. Respect structure. Wait for confirmation.
🔔 Follow for more real-time wave-based analysis.
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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.