**By: Mohsen Mozaffarinezhad**
📅 August 7, 2025 | ⏰ Valid through August 8 (End of NY Session)
⏱ Timeframe: 2H
📌 Method: Elliott Wave + Supply/Demand + SSL Hybrid Confirmation
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## 🧠 Market Context:
Price has completed a **strong bullish leg** and is currently forming a classic **(a)-(b)-(c)** corrective pattern. We are now between **point (b)** and the potential completion of **(c)**. The broader market is expected to **retest the lower demand POI**, possibly before resuming the uptrend.
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## 🔎 Technical Highlights:
- 📉 Bearish correction in progress: (b) → (c)
- 📦 Major **Supply** above 3,390 – acted as rejection point
- 🟦 Strong **Demand Zone**: 3,345 – 3,320
- 🔁 Price forming a potential **ABC correction**
- 🔔 **Point of Interest (POI)** near 3,350 may offer entry confirmation
- 💠 **SSL Channel**: Currently bearish crossover
- 🔄 **RQQ, HT, MACD, RSI**: Bearish/neutral, waiting for reversal signals
- 📊 **Volatility (Vol %ile)**: 67%
- 🎯 **ATR**: 13.52 (2H – medium range)
- 🧯 **Risk Level:** Normal
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## 🟢 Scalp Strategy:
Scalp traders can take advantage of both micro-swings at **points (a) and (b)** using lower TF (M5/M15) confirmations:
### 🎯 Scalp Buy:
- 📍 Entry: Near 3,345–3,350
- 🛑 SL: Below 3,340
- 🎯 TP: 3,365–3,370 (short-term liquidity sweep)
- ⚠️ Only on bullish SSL + RSI divergence (M5)
### 🎯 Scalp Sell:
- 📍 Entry: Near 3,375–3,380 (**point b rejection**)
- 🛑 SL: Above 3,385
- 🎯 TP: 3,360 then 3,350
- ⚠️ Use Heikin-Ashi reversal + SSL confirmation
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## 📌 Mid-Term Outlook (Swing):
If price reaches **point (c)** around the **lower demand zone** and reacts with bullish structure (BOS, CHoCH), we anticipate a strong rally toward:
- **TP1:** 3,385
- **TP2:** 3,400
- **TP3:** 3,420 (next macro supply)
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## ⚠️ Notes:
> This setup remains **valid until the end of NY session, August 8**.
> Wait for **clear confirmation** before execution.
> All scalps are suggested with **tight risk management**.
_Analysis by Mohsen Mozaffarinezhad | Educational Purposes Only_
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