The weekly chart suggests a complex ABCDE correction has completed after a five-wave impulse, increasing the probability of a new bullish Wave (C) toward the primary target at 4,346. The scenario remains valid as long as the E-wave low holds on a weekly closing basis; a weekly close below that low invalidates the setup and shifts bias back to an extended range.
Entry and Invalidation:
• Accumulation zone: 390–430, or a confirmed weekly breakout above 450 to add confirmation toward 4,346.
• Invalidation: Weekly close below the E-wave low cancels the Wave (C) path and calls for reassessment.
Targets and Risk Management:
• Interim target: Retest of the prior high near 777, then intermediate extensions around 1,100–1,700, with the main Wave (C) objective at 4,346.
• Risk management: Use a trailing stop beneath rising weekly swing lows; advance the stop after each broken resistance to preserve gains on the path toward 4,346.
Additional Notes:
• Preference for strong weekly closes with rising volume on breakouts; fading momentum around 700–780 could lead to consolidation or a re-accumulation phase.
• Alternate view: Failure to break out and sustained range behavior may extend the corrective structure in time, so plan with flexible position sizing and disciplined capital management.
Entry and Invalidation:
• Accumulation zone: 390–430, or a confirmed weekly breakout above 450 to add confirmation toward 4,346.
• Invalidation: Weekly close below the E-wave low cancels the Wave (C) path and calls for reassessment.
Targets and Risk Management:
• Interim target: Retest of the prior high near 777, then intermediate extensions around 1,100–1,700, with the main Wave (C) objective at 4,346.
• Risk management: Use a trailing stop beneath rising weekly swing lows; advance the stop after each broken resistance to preserve gains on the path toward 4,346.
Additional Notes:
• Preference for strong weekly closes with rising volume on breakouts; fading momentum around 700–780 could lead to consolidation or a re-accumulation phase.
• Alternate view: Failure to break out and sustained range behavior may extend the corrective structure in time, so plan with flexible position sizing and disciplined capital management.
כתב ויתור
המידע והפרסומים אינם אמורים להיות, ואינם מהווים, עצות פיננסיות, השקעות, מסחר או סוגים אחרים של עצות או המלצות שסופקו או מאושרים על ידי TradingView. קרא עוד בתנאים וההגבלות.
כתב ויתור
המידע והפרסומים אינם אמורים להיות, ואינם מהווים, עצות פיננסיות, השקעות, מסחר או סוגים אחרים של עצות או המלצות שסופקו או מאושרים על ידי TradingView. קרא עוד בתנאים וההגבלות.