#INIT $INIT Analysis – Elliott Wave Complete?

UNIT appears to have completed its five-wave Elliott structure, signaling the end of the recent downtrend.

📈 Key Technicals:

• Price has broken above the yellow resistance line, indicating potential reversal.

• A strong Fibonacci retracement to the 50% level is in play, targeting 0.98 (marked by the blue horizontal line).

• Stop-loss: Placed at the bottom of wave five for risk management.

🚀 If momentum confirms, we could see a solid bounce from current levels. Stay sharp and trade safe!

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