NEARUSD: Impulsive Recovery Signals Potential End Of Wave C Correction

NEARUSD is showing a strong and technically significant recovery following a projected wedge formation that developed within wave C of a higher-degree ABC corrective structure on the weekly timeframe. This type of structure often appears in the final stages of corrective phases, suggesting that the broader bearish pressure may be exhausting and a transition phase could be underway.

From a higher-timeframe perspective, the wedge-like behavior within wave C supports the idea that the market may be approaching the completion of a larger corrective cycle. Such formations typically reflect weakening momentum and increasing indecision before a potential trend reversal or the beginning of a new impulsive sequence.

On the daily chart, price action is developing in a clearly impulsive manner, which strengthens the case for a possible shift back into bullish control. We are currently tracking a potential five-wave impulsive structure unfolding to the upside. Within this framework, the recent slowdown can be interpreted as a possible subwave 4 pullback inside a larger wave (3), which is a common pause before continuation of trend momentum.

If this structure remains valid, the next phase would likely involve a final extension in subwave 5 of (3), which often represents the strongest continuation segment of an impulse. This would confirm that buyers are still in control and that the corrective phase on higher timeframes is giving way to a new bullish cycle.

The first important confirmation level remains at 3.35. A sustained break and acceptance above this zone would provide stronger evidence that the impulsive structure is progressing as expected and that upside continuation is likely unfolding.

On the downside, the key invalidation level is located at 1.5. As long as the price remains above this level, the broader bullish scenario stays intact, and the current structure continues to favor a potential continuation higher rather than a deeper corrective breakdown.

Overall, NEARUSD is at a technically important stage where a higher-timeframe corrective phase may be transitioning into a new impulsive advance. The coming price action around the current pullback and the 3.35 level will be crucial in determining whether this recovery evolves into a sustained trend or remains part of a larger corrective consolidation.

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