Quantum_Wave

There is a 50/50 chance that we have topped...The wave structure is very indicative of a completed impulse. However, i'm betting that we are just in a complex wave 4 and if this is the case, we should see a wave 5 taking out the high.The risk to reward is pretty nice and playing spot will pay off.

We're approaching the completion of wave 4. Wave 5 will come down and take out liquidity below.

While the bounce is nice, we should not forget about the real trend here.We're still bearish overall and there is a shit ton of liquidity to be taken out. Don't be blinded

Saw a rejection on the wave 4 level. Looking to gain a 5th wave reversal here.

This idea is valid as long as the structure in the orange box maintains its three wave structure.To prepare for a big run, it goes without saying that there must be some sort of accumulation and manipulation to occur. In this case, I propose this expanded flat structure where we took the high out to kill the shorts and also trap buyers. Then, terminate that low to take out the buyers and trap sellers.. where we will enter a long into the big move.

I think we are topping. Why?The wave structure terminating the low is a 3 wave structure... or as it appears to me atleast.For a trend to truly be a convincing reversal, we should be seeing a 5 wave structure indicating the end of the wave structure.This is complex and the overall bullish sentiment makes me believe that we will top sooner or later.

In my previous SUI analysis, I currently have us in an impulse structure leading into the 5th wave.Zoomed out, it seems we're still in a corrective structure. Looking to short at the TP of the long.

Wave structure is very defined.Currently looking for the completion of this corrective sequence of Wave 4 before we bounce at the key level 38.2%.Targeting the high.