TAOUSDT | Wave (C) Impulse Targeting 4,346 After ABCDE Correctio

The weekly chart suggests a complex ABCDE correction has completed after a five-wave impulse, increasing the probability of a new bullish Wave (C) toward the primary target at 4,346. The scenario remains valid as long as the E-wave low holds on a weekly closing basis; a weekly close below that low invalidates the setup and shifts bias back to an extended range.
Entry and Invalidation:
• Accumulation zone: 390–430, or a confirmed weekly breakout above 450 to add confirmation toward 4,346.
• Invalidation: Weekly close below the E-wave low cancels the Wave (C) path and calls for reassessment.
Targets and Risk Management:
• Interim target: Retest of the prior high near 777, then intermediate extensions around 1,100–1,700, with the main Wave (C) objective at 4,346.
• Risk management: Use a trailing stop beneath rising weekly swing lows; advance the stop after each broken resistance to preserve gains on the path toward 4,346.
Additional Notes:
• Preference for strong weekly closes with rising volume on breakouts; fading momentum around 700–780 could lead to consolidation or a re-accumulation phase.
• Alternate view: Failure to break out and sustained range behavior may extend the corrective structure in time, so plan with flexible position sizing and disciplined capital management.