📈 4H TIME FRAME — Alternative Bullish Scenario
We have another interesting scenario that could develop to target 67K+ 🚀
🌊 Elliott Wave Structure
🔹 W: An upward ZigZag in July
🔹 X: Triangle
↳ We are currently working on Wave D, and we still need Wave E
🔹 Y: An upward ZigZag during August / September
🎯 What we need to activate this scenario:
First, we need to see a corrective move down for Wave E.
If we can identify this correction over the coming days, we could get a very strong Swing Long opportunity. 📈
🔥 Potential entry methods
We have more than one way to approach the trade:
1️⃣ Aggressive: Enter from the expected support area of Wave E.
2️⃣ Safer: Wait for a Trendline Breakout + Confirmation after Wave E completes.
3️⃣ Wait for a 5-wave impulse up from the Wave E area as additional evidence that the upward move is starting.
🛑 Clear Invalidation:
$62,550
If this level is broken, this scenario becomes invalid.
🎯 The big idea:
Wave E down → Swing Long → Wave Y higher → 67K+
Keep an eye on this scenario, because it could give us one of the cleanest Swing opportunities if the structure completes as we expect. 🧠📊
We have another interesting scenario that could develop to target 67K+ 🚀
🌊 Elliott Wave Structure
🔹 W: An upward ZigZag in July
🔹 X: Triangle
↳ We are currently working on Wave D, and we still need Wave E
🔹 Y: An upward ZigZag during August / September
🎯 What we need to activate this scenario:
First, we need to see a corrective move down for Wave E.
If we can identify this correction over the coming days, we could get a very strong Swing Long opportunity. 📈
🔥 Potential entry methods
We have more than one way to approach the trade:
1️⃣ Aggressive: Enter from the expected support area of Wave E.
2️⃣ Safer: Wait for a Trendline Breakout + Confirmation after Wave E completes.
3️⃣ Wait for a 5-wave impulse up from the Wave E area as additional evidence that the upward move is starting.
🛑 Clear Invalidation:
$62,550
If this level is broken, this scenario becomes invalid.
🎯 The big idea:
Wave E down → Swing Long → Wave Y higher → 67K+
Keep an eye on this scenario, because it could give us one of the cleanest Swing opportunities if the structure completes as we expect. 🧠📊