High-Probability Setup in Motion, Eyes on the Drop Zone! Figma’s recent price action confirms a developing 5-wave corrective structure, currently deep in the wave 3 leg within a descending channel. The structure remains valid while price stays below the descending trendline, which has consistently acted as dynamic resistance.
Key Structure Notes:
Price rejection from $148 and $142 confirms the macro trendline resistance. Wave count shows impulsive leg 1-2-3 formation nearing exhaustion. Wave 4 bounce is expected, but only a break above $95.18 will flip the current bias bullish.
Until then, the major focus remains on the drop zone around $59–61, which aligns with both the completion of wave 5 and a high-confluence accumulation zone.
Plan of Action:
Those that have interest should stay patient as the expected Wave 4 retracement unfolds. If price fails to break above the macro trendline, prepare for potential entries at the projected accumulation range near $59 for the next bullish cycle.
Accumulation Zone: $59.00–$61.00
Trend Shift Trigger: Break and hold above $95.18
Invalidation: Loss of structure below $57 would call for reassessment
Share your thoughts
Will Figma flip the trend early or complete Wave 5 first?
Key Structure Notes:
Price rejection from $148 and $142 confirms the macro trendline resistance. Wave count shows impulsive leg 1-2-3 formation nearing exhaustion. Wave 4 bounce is expected, but only a break above $95.18 will flip the current bias bullish.
Until then, the major focus remains on the drop zone around $59–61, which aligns with both the completion of wave 5 and a high-confluence accumulation zone.
Plan of Action:
Those that have interest should stay patient as the expected Wave 4 retracement unfolds. If price fails to break above the macro trendline, prepare for potential entries at the projected accumulation range near $59 for the next bullish cycle.
Accumulation Zone: $59.00–$61.00
Trend Shift Trigger: Break and hold above $95.18
Invalidation: Loss of structure below $57 would call for reassessment
Share your thoughts
Will Figma flip the trend early or complete Wave 5 first?
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📢Follow the official links only! Trade smart, stay safe! 🎯
Telegram: t.me/+m0IACMn0ul03OTFk
Forex zone: t.me/+piiPgrNtrulkNDk0
💎 Premium details: t.me/wcsepayment
📩 Promotion/Partnership: t.me/WESLAD
Telegram: t.me/+m0IACMn0ul03OTFk
Forex zone: t.me/+piiPgrNtrulkNDk0
💎 Premium details: t.me/wcsepayment
📩 Promotion/Partnership: t.me/WESLAD
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.