Investment Index Chart Analysis
Elliott Wave Investment Setup
The chart indicates that the W-X-Y corrective structure has likely completed near 94, marking a potential end to the larger corrective phase.
The price has reached the 94–95 support/demand zone, where Wave Y appears to have completed. From this area, the market could begin a new impulsive move to the upside if the structure confirms.
Key Levels:
W-X-Y completion: ~94
Major support / invalidation: 94.07
Accumulation zone: 94–98
First upside confirmation: Above 102.04
Stronger bullish confirmation: Break above the descending trendline
Upside target: 114.27
Potential extended target: 120–125
Elliott Wave View
The preferred scenario is that the W-X-Y correction is complete at 94, followed by a new bullish impulse. A sustained move above 102.04 would provide the first confirmation that the recovery is developing, while a decisive breakout of the descending trendline would strengthen the bullish case.
If price continues to hold the 94–98 zone and breaks the key resistance levels, the next potential upside region is around 114.27, with further extension toward 120–125.
W.C. Invalid: A decisive break below 94.07 would invalidate this preferred bullish count and indicate that the correction may not yet be complete.
