$BMT is currently undergoing a classic Wave (4) correction after a strong 5-wave rally, according to Elliott Wave theory. Here's what we’re seeing:
🔹 Wave Progress So Far: ✅ Wave (1): Initial breakout
✅ Wave (2): Clean correction
✅ Wave (3): Powerful move with strong momentum
🔄 Wave (4): Currently pulling back for support retest
📍 Retracement Zone: 🔸 0.382 Fib level at $0.1136
🔸 Key buy zone: $0.113–$0.115 (on bounce confirmation)
🔸 Structure remains bullish unless we break below $0.1070
🎯 Potential Trade Setup: 📥 Entry: $0.113–$0.115 (wait for confirmation)
📈 Wave (5) Target: $0.135 – $0.145+
🛑 Stop-loss: < $0.1070 (structure invalidation)
📌 Reminder: Healthy corrections lead to stronger moves.
Be patient — let Wave (4) play out before jumping in.
