🚀 Elliott Wave Setup Near Completion – Preparing for Potential Wave 3 Expansion!

📊 Technical + Structural Analysis After a strong multi-year uptrend, the stock entered a deep corrective phase, retracing close to the 0.618–0.786 Fibonacci zone — a typical high-probability reversal area. Now, price has taken support near the long-term trendline + base zone, and is showing signs of reversal from a higher low structure. 👉 This suggests the correction phase may be ending, and a new impulsive move could begin. 🌊 Elliott Wave Perspective Wave I: Strong impulsive rally (multi-year uptrend) Wave II: Deep correction (complex structure with sharp drawdown) Wave III (potential): Now preparing for next expansion leg 👉 If Wave III unfolds, it typically targets 1.618 Fibonacci extension or higher, implying significant upside potential 📉 MACD Insight During the correction, MACD likely showed bullish divergence (price making lower lows, momentum weakening on downside) Current price recovery suggests momentum shift with bullish crossover 👉 Early signs of trend reversal confirmation 📍 AVWAP (Anchored VWAP) Insight Anchoring AVWAP from the major top shows price has tested and started reclaiming key value zones Confluence of AVWAP + long-term trendline support strengthens the reversal case 👉 Smart money likely accumulating near value zones 🏢 Fundamental Strength (Supporting the Move) Likely supported by: Strong export-driven business model Consistent revenue scaling over years Improving margins with global demand tailwinds 👉 Structural growth story aligns with technical base formation 🎯 Conclusion This is a high time-frame opportunity setup, not just a short-term trade: Elliott Wave cycle reset (Wave II completion) Fibonacci confluence support Momentum shift (MACD) Institutional positioning (AVWAP)