đ TRB/USDT 4H TIMEFRAME - ELLIOTT WAVE ANALYSIS
Elliott Wave Theory is a powerful tool for predicting market movements, and today, we analyze TRB/USDT on the 4-hour timeframe to provide insights into the current market structure and potential future movements.
âĄïž CURRENT WAVE STRUCTURE
After completing a triangle pattern, the market is now moving through an ABC correction phase, which typically follows such consolidations. This phase reflects the natural ebb and flow of the market as it adjusts its structure.
FIBONACCI LEVELS
These Fibonacci levels serve as critical reference points in the ongoing wave analysis:
Wave C: 93.503
Wave X: 82.541
Wave A: 75.619
Wave B: 58.429
These levels help identify potential support and resistance areas during the correction process.
WAVE SEQUENCE
The wave structure is evolving in line with Elliott Wave Theory:
1. Triangle Pattern (A, B, C, D): Completed
2. Wave E: Currently developing
3. ABC Sequence (Current Expectations):
Wave A: Formation has begun.
Wave B: Anticipated at lower Fibonacci levels.
Wave C: Predicted to reach the final target based on wave symmetry.
The triangle breakout has initiated a new corrective phase, setting the stage for the ABC structure to unfold.
CURRENT PHASE
The market is now progressing through the Wave A correction phase. This movement is indicative of the market consolidating before continuing its corrective journey, with lower levels expected as part of this pattern.
NEXT EXPECTATION
Once Wave A is completed, a Wave B correction is likely to form, targeting the 58.429 Fibonacci level. This movement could act as a retracement phase before the final Wave C emerges, potentially completing the correction cycle.
â ïž IMPORTANT NOTICE
Always implement proper risk management when trading.
Be prepared for rapid market condition changes that can influence wave formations and targets.
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