📈 Wave Structure Overview
• The chart shows a completed corrective phase, likely Wave A or 1, followed by a clear impulsive sequence: (1), (2), (3), (4), (5).
• Within that impulse, sub-waves 1–5 are well-defined, suggesting a strong Wave (3) extension — typically the most powerful leg in an Elliott sequence.
• The current price action around MYR 0.945 appears to be in the final stages of Wave (5), or possibly transitioning into a larger Wave 3 or C, depending on your primary count.
🛡️ Invalidation Zone
• RM 0.860 marks the Wave 1 level, which Wave 4 must not breach under standard Elliott Wave rules.
• A drop below RM 0.860 would invalidate the current impulsive count, suggesting that Wave (5) is either truncated or the structure is corrective rather than impulsive.
• This level serves as a critical risk management threshold for traders tracking the bullish scenario.
🔍 Interpretation
• The wave count suggests bullish continuation, especially if price holds above RM 0.860.
• The chart shows a completed corrective phase, likely Wave A or 1, followed by a clear impulsive sequence: (1), (2), (3), (4), (5).
• Within that impulse, sub-waves 1–5 are well-defined, suggesting a strong Wave (3) extension — typically the most powerful leg in an Elliott sequence.
• The current price action around MYR 0.945 appears to be in the final stages of Wave (5), or possibly transitioning into a larger Wave 3 or C, depending on your primary count.
🛡️ Invalidation Zone
• RM 0.860 marks the Wave 1 level, which Wave 4 must not breach under standard Elliott Wave rules.
• A drop below RM 0.860 would invalidate the current impulsive count, suggesting that Wave (5) is either truncated or the structure is corrective rather than impulsive.
• This level serves as a critical risk management threshold for traders tracking the bullish scenario.
🔍 Interpretation
• The wave count suggests bullish continuation, especially if price holds above RM 0.860.
Haftungsausschluss
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Haftungsausschluss
Die Informationen und Veröffentlichungen sind nicht als Finanz-, Anlage-, Handels- oder andere Arten von Ratschlägen oder Empfehlungen gedacht, die von TradingView bereitgestellt oder gebilligt werden, und stellen diese nicht dar. Lesen Sie mehr in den Nutzungsbedingungen.