$BMT 2Hr Chart Update – Elliott Wave Setup in Play!

$BMT is currently in a classic Wave (4) correction after a strong 5-wave rally.

🔹 Wave Progress So Far:

✅ Wave (1) – Initial breakout

✅ Wave (2) – Clean correction

✅ Wave (3) – Strong upside move with momentum

🔄 Wave (4) – Now pulling back for support retest

📍 Retracement Zone:

🔸 0.382 Fib sits at $0.1136

🔸 This is a key buy zone if the structure holds

🔸 Watching for a bounce confirmation here

🎯 Potential Setup:

Entry Zone: $0.113–$0.115 (on confirmation)

Wave (5) Target: $0.135–$0.145+

Stop-loss: Below $0.1070 (structure invalidation)

Healthy corrections = better entries. Don't FOMO — let Wave (4) complete before re-entering.