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Wave C (current - downward):
• From: 2,777
• To: 2,467 (current price)
• May continue to:
• 2,434 (almost touched)
• And if it doesn't stop, it may reach:
• 2,327 (important moving average support)
• 2,250 – 2,180 as the final target for wave C
✳️ This means we are now likely in sub-wave (iii) or (v) of C – indicating that the downward movement is nearing its end.
⸻
🔁 After the completion of wave C
If the decline stops at 2,434 or 2,327 and a reversal candle appears, we expect:
🔺 The beginning of a new upward wave:
• Impulse wave (1) or wave X (if the correction is complex).
• Its initial targets:
• 2,538 – 2,600 (natural correction of wave C)
• Then 2,660 – 2,738 (in case of wave strength
📍 Summary of wave levels
A
2,879
2,660
Completed
2,660
2,777
Completed
C
2,777
2,467 (so far)
Ongoing and may be nearing the end
⏳Closing 4 hours above 2,510 reinforces entry♻️
💔 Breaking 2,434 with a close
Caution, possibility of wave C extending to 2,250