$COMP Wave 4 Pullback Could Fuel the Next Rally
LONG $COMP
Trade Setup:
Entry Range: 17.25 – 17.65
SL: 16.63
TP1: 17.64
TP2: 18.15
TP3: 18.90
$COMP is showing a bullish recovery structure after the strong impulse toward 18.48. Price has pulled back into the rising trend-line area, creating a potential Wave 4 support zone.
If buyers defend 17.25–17.65 and reclaim the 17.72 area, the next upside levels are 18.15 and 18.90. The bullish structure remains intact while price holds above the key support around 16.30.
A move below 16.63 would invalidate this trade setup.
LONG $COMP
Trade Setup:
Entry Range: 17.25 – 17.65
SL: 16.63
TP1: 17.64
TP2: 18.15
TP3: 18.90
$COMP is showing a bullish recovery structure after the strong impulse toward 18.48. Price has pulled back into the rising trend-line area, creating a potential Wave 4 support zone.
If buyers defend 17.25–17.65 and reclaim the 17.72 area, the next upside levels are 18.15 and 18.90. The bullish structure remains intact while price holds above the key support around 16.30.
A move below 16.63 would invalidate this trade setup.