Hydro Index at a Critical Zone: Elliott Wave + ICT Analysis
Elliott Wave:
The Hydro index appears to have completed a five-wave advance and is now forming a complex W-X-Y correction. The 3,580–3,630 area is being watched as a potential completion zone for Wave Y.
ICT:
From an ICT/AMD perspective, price is consolidating within a range where liquidity has accumulated. A move below the range toward 3,630 could act as a sell-side liquidity sweep/manipulation before bullish displacement. A reclaim of the range and break above 3,775 would strengthen the bullish continuation scenario.
Risk:
The bullish wave structure is invalidated below approximately 3,467.92.
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