Technical analysis by polarity about Symbol ETH on 9/6/2025

There’s nothing worse than trading a slow, choppy market that doesn’t range far enough in either direction to give a clean read. This past week I’ve been tracking whether Wave 4 has finished or if we’re still stuck in its structure. My bias is that Wave 4 will drag on a little longer. I expect price may test near the 0.382 Fib retrace before we get another leg higher that could still be part of Wave 4. Ideally, I’d like to see a correction down to the 55 EMA (green line), followed by two higher highs, a pullback, and then a breakout above the end of Wave 1. That would confirm the start of Wave 5 on the daily timeframe. Based on my Fib time-cycle analysis (the vertical lines on the chart), Wave 5 might not truly start until late October. In the meantime, I’m scalping shorter timeframes—using Elliott Wave counts on the lower TF and MACD divergence on the slightly higher TF—to secure some overnight trades while waiting for a bigger breakout. Trade with caution. Always check the higher timeframe before entering, and always use a stop loss. Protect your account.