$WCT – Elliott Wave in Play | ABC Correction Underway

#WCT completed a clean 5-wave impulse toward the 0.35 range and is now stepping into an anticipated ABC corrective structure.

Wave Structure Overview

✅ Wave (1) to (5) fully played out, with top at 0.35

🟠 Now in Wave (a) → bounce in progress for Wave (b)

Expecting Wave (c) drop before resumption of trend

🔁 Wave B Retracement Targets:

(b) 0.242 = 0.3230

(b) 0.382 = 0.3269

(b) 0.5 = 0.3302

(b) 0.618 = 0.3334

These are short-term bounce zones before the next move lower. Failure to reclaim 0.333 = weak bounce structure.

🔻Wave C Bearish Targets:

(c) 0.618 = 0.3059

(c) 1.000 = 0.2953

These are the next reaction zones — if Wave C finds support at 0.305–0.295, the structure remains bullish mid-term.

📌 Key Observations

This is a healthy corrective structure after a strong run

Expect volatility in the 0.323–0.333 zone

Break below 0.295 = structure invalidation & deeper pullback risk

Conclusion : This isn’t weakness — it’s controlled correction. Let Wave C finish its move, then re-evaluate for fresh long entries. The trend is still bullish unless 0.295 is lost.