US30 Analysis Using Elliott Wave READ INSIDE

US30 Analysis Using Elliott Wave

Current Market Structure & Elliott Wave Count

Wave 3 High Completed around 42,600-42,700

Wave 4 Pullback in Progress targeting 42,200 - 42,000

Potential Wave 5 Extension towards 42,800 - 42,900

Trading Strategy & Execution Plan

Bullish Scenario (Wave 4 Completion & Wave 5 Start)
📌 Long Entry:

Buy at: 42,200 - 42,000

Stop Loss (SL): 41,800

Take Profit (TP1): 42,500

Take Profit (TP2): 42,800

Take Profit (TP3): 42,900

🎯 Probability: 70% (If price finds support above 42,000)

Bearish Scenario (Wave 4 Deeper Correction or Reversal)
📌 Short Entry:

Sell at: 42,600 - 42,700 (Wave 3 High Rejection)

Stop Loss (SL): 42,850 (Above Wave 5 Expected Move)

Take Profit (TP1): 42,300

Take Profit (TP2): 42,000

Take Profit (TP3): 41,700

🎯 Probability: 65% (If price rejects 42,600 resistance)

Final Thoughts & Risk Management not financial advise
✅ Bias: Bullish above 42,000, Bearish below 41,900
✅ Risk/Reward Ratio: 1:3 for Both Scenarios
✅ Volatility Factor: Use Smaller Lot Size at Key Levels