Elliott waves analysis

The price did not continue developing the correction driven by wave b of y and instead immediately moved down to complete the entire corrective structure. The resulting movement resembles a completed downward impulse. This suggests that the entire complex correction — which took the form of a doub

The anticipated final wave in the upward impulse turned out to be shorter than expected. After slightly updating the local high, selling pressure quickly resumed, resulting in a notable decline. This suggests that the upward impulse, also identified as wave [i] of a larger developing impulse, has

The start of the trading week was favorable for buyers, with the market opening with a gap and continuing to rise without filling it. This was anticipated, and intraday targets were quickly met. However, the current wave scenario suggests a reversal and the beginning of a downward movement. This w