Market continues to respect the impulse wave structure, currently completing Wave (4) correction and preparing for Wave (5) expansion.
Current Structure
🟢 Wave (1), (2), (3) completed
🟡 Wave (4) corrective zone forming support base
🟩 Wave (5) upside targets activated on breakout
Key Levels
Immediate Levels
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Support: 13,089 / 12,555
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Resistance / Break Zone: 14,020 – 14,350
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High to watch: 14,620
📌 Wave (5) confirmation above: 14,970
Wave (5) Target Zones
🎯 15,450 – 15,850
🎯 16,434 – 16,777 – 17,334
🎯 18,116 – 18,780
🚀 Extended Target: 21,150 – 22,600
Trading View
📈 Bullish sentiment continues as long as 13,089 holds
🔓 A breakout above 14,970 could trigger strong upside
📉 Weakness only below 12,555, deeper correction below 10,954
Strategy
Positional Buy Zone: 13,350 – 13,100 accumulation
Breakout Buy: above 14,350 or safe above 14,970
SL: below 13,089 / positional SL 12,555
Targets: 15,450 / 16,434 / 17,334 / 18,780+
Summary
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Market consolidating in Wave (4), preparing powerful Wave (5) rally
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Big rally expected in 2026 with aggressive bullish extension
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Patience + breakout confirmation required
💬 Educational Elliott Wave study only – not a buy/sell recommendation.
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