Market SituationOur previous insight had two steps:
A recovery move.
A pullback to form the end of wave (b) and offer a buying opportunity.
Step 1 is complete. Step 2 has now developed into a clear lower-timeframe triangle and appears close to completion.
OutlookThe focus now is identifying the triangle’s completion to catch the next directional move.
With wave e still developing, further pullbacks CAN provide favorable DCA opportunities before the larger wave (c) begins.
Key LevelTwo critical green support levels remain the main areas where we expect the triangle to complete.
A reaction from these levels could mark the end of wave (b) and trigger the transition toward wave (c).
Manage risk accordingly and stay ready.
