$MASK Elliott Wave Completion

Price has just wrapped up a 5-wave impulse sequence on the 15-min chart — a classic bullish structure signaling strong momentum. But now we’re entering the corrective phase, and that’s where things get strategic.

🧠 Elliott Wave Summary:

Wave (1) to (3): Strong upward movement with clear bullish momentum.

Wave (4): Shallow pullback, typical of bullish continuation.

Wave (5): Final leg peaked at $2.165, now showing signs of exhaustion.

This structure often leads to an ABC correction — a temporary reversal before trend continuation or deeper consolidation.

📉 Fibonacci Retracement Levels:

Price is now pulling back from the Wave (5) top, and these are your key support zones:

🔹 0.382 Fib (2.036) – Shallow correction level; ideal for bullish continuation.

🔹 0.5 Fib (1.988) – Most common retracement point.

🔹 0.618 Fib (1.940) – Deeper correction; often tested in wave 2 or B corrections.

These levels are where bulls might look to reload positions if the structure remains valid.

🧭 What to Watch Next:

✅ Bounce from any of these fib zones could ignite a new wave of buying pressure.

⚠️ Breakdown below $1.940 (0.618 Fib) could invalidate the impulsive setup and shift short-term bias to bearish.

📈 A confirmed bounce would signal the start of a Wave (1) of a new higher cycle, potentially targeting above $2.20+.

📌 TL;DR: #MASK looks technically sound after a powerful 5-wave rally. We’re now in a key retracement window — a golden spot for disciplined entries. Eyes on the fib zones and volume reaction. 🚦

Stay smart, don’t chase, and let the setup come to you.